The Millenials: More Education, Less Employed

The 18- to 29-year-old Millennial generation will probably be the most educated in American history according to the most recent detailed market research about this group. But the 50 million Millennials also have the highest share who are unemployed or out of the workforce in almost four decades, according to the survey released last week by the Pew Research Center.

Pew's analysis includes a new survey of 2,020 adults, including 830 Millennials, conducted by landline and cellphone last month. It also analyzes data from other sources, such as the Census, which shows 40% of those 18-24 were in college in 2008, a higher percentage than any previous generation at those ages.

Overall, Millennials are confident, upbeat and open to change. They're more ethnically and racially diverse than their elders and also less religious. From the way they were raised to their views on marriage, Millennials are a world apart from their elders. For example, 61% grew up in a two-parent household, a smaller percentage than the three previous generations. And just 21% are married (half the percentage of their parents' generation at the same ages) and 34% are parents.

Among other interesting findings of the survey: 38% have a tattoo (and half of those with tattoos have two to five; 18% have six or more), but 72% say they are hidden by clothing. Over 40% use only a cellphone and have no landline.
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