Millennials don’t consider themselves “Adults” until the age of 30.

ZEROHEDGE – Turns out, you might be a millennial and not even know it. Even if you’re approaching 40. As TheWrap.com’s Tony Maglio reports, according to new research by CBS’ TV ratings guru David Poltrack and Nielsen Catalina Solutions, the youngest millennials should be graduating college this year — but that doesn’t mean they all consider themselves adults.

The median age of millennials is 30, Poltrack says — meaning that half are older and half are younger. And 30 happens to be the age at which millennials tend to self-identify as adults, Poltrack said. For these purposes, an “adult” is defined as “someone who has moved out of their parents’ home, has a job, and pays their own bills.”

image

How did millennials start seeming so middle-aged? Poltrack says it because of “lazy” classifications that defined millennials as those 18-to-34. Poltrack, one of the most respected people in studying the demographics of TV viewers, uses designations like “millennial” to simplify who’s watching what.

He and the Center for Generational Kinetics both use the term to describe those born between 1979 and 1995, based on years prescribed by William Strauss and Neil Howe’s book “Generations.” It defines a generation as lasting for 18 years, and works forward from the giant Baby Boomer generation. Their kids, the next largest generation, are millennials. People born after 1995 are actually members of Gen Z.

Why are millennials taking so long to grow up and move out? Some of it is their fault, some of it is their parents’ fault, and much of it is everyone’s fault.

For starters, the December 2007-June 2009 recession made finding employment harder — especially for recent college grads, many of whom happened to saddled with a ton student loan debt. High housing costs, meanwhile, reduced any stigma connected to living at home.

“More controversial is the whole idea that their baby boomer parents have really coddled them,” Poltrack told TheWrap. “They’ve made it too good for them. Why would you leave?”

Well, at some point it’s pretty much to get married and have kids — to be an “adult,” in other words. That’s when people truly become valuable to someone like Poltrack, who wants them to buy a house and a few TVs — and tune in to CBS.

“Only now are they really coming into their own in terms of being major consumers of goods and services, and therefore a major economic component as well as a population component,” he explained.

The older people get, the more television they watch.

1 Comment on Millennials don’t consider themselves “Adults” until the age of 30.

  1. William Strauss and Neil Howe’s book “Generations is pure bullshit – defining a generation as lasting for 18 years???HUH???
    Just as bad as defining 1946-1963 as one generation (Baby Boomers), that logic makes it possible to have a Baby Boomer or millennial to have a same generation father-son???HUH??? In these modern times???
    Different attitudes, pressures, social/political/education/economic/demographic/media/technology influences, oh I see we are just herds of consumers to these klowns.
    Hmmm……….I wonder if it is really them just naturally being perpetual teenagers or is it a for profit socioeconomic stratification as the major player here:
    At healthcare.gov

    If a parent’s health insurance plan covers dependents, you usually can be added to their plan and stay on it until you turn 26.

    Covered by a parent’s plan and about to turn 26? See how to get your own health coverage.

    How to get added to a parent’s insurance plan

    Job-based plans: Your parent can add you to their insurance during the plan’s yearly open enrollment period or during a Special Enrollment Period. Your parent should check with the plan or their employer’s benefits department for details.
    Plans bought through the Health Insurance Marketplace: When a parent applies for a new plan in the Marketplace, they can include you on their application. They can add you to an existing Marketplace plan only during the yearly Open Enrollment Period or a Special Enrollment Period.
    You can stay on a parent’s plan until you turn 26

    Once you’re on a parent’s job-based plan, in most cases you can stay on it until you turn 26.

    Generally, you can join a parent’s plan and stay on until you turn 26 even if you:

    Get married
    Have or adopt a child
    Start or leave school
    Live in or out of your parent’s home
    Aren’t claimed as a tax dependent
    Turn down an offer of job-based coverage
    If you’re covered by a parent’s job-based plan, your coverage usually ends when you turn 26. But check with the employer or plan. Some states and plans have different rules.

    If you’re on a parent’s Marketplace plan, you can remain covered through December 31 of the year you turn 26 (or the age permitted in your state).

    Get covered — or pay a fee

    Under the health care law, you must have qualifying health coverage or pay a penalty on your next federal tax return.
    The penalty is 2.5% of household income or $695 per adult (half of that per child), whichever is higher.

    https://www.healthcare.gov/young-adults/children-under-26/

    Liked by 1 person

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: