Millennials to Soon Outnumber Baby Boomers

iStock/Thinkstock(WASHINGTON) — It’s been a nice run, baby boomers, but now it’s time to cede the number one spot to a new generation.

The U.S. Census Bureau estimates that at some point this year, millennials, those aged 18-to-34, will number 75.3 million. That surpasses the boomers’ 74.9 million. Baby boomers are those individuals born between 1946 and 1964.

The baby boomers got their name because of the explosion of births following World War Two when the country experienced unprecedented economic expansion.

But although there were ten million more boomer births than those people born between 1981 and 1997, millennials will move past that generation this year because of the influx of young immigrants over the past couple of decades.

Meanwhile, the White House says in its report about millennials that they “stand out because they are the most diverse and educated generation to date: 42 percent identify with a race or ethnicity other than non-Hispanic white, around twice the share of the baby boomer generation when they were the same age.”

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