Asia Chinese millennials are commonly called the
post-80s and
post-90s generations. At a 2015 conference in Shanghai organized by
University of Southern California's US–China Institute, millennials in China were examined and contrasted with American millennials. Findings included millennials' marriage, childbearing, and child raising preferences, life and career ambitions, and attitudes towards volunteerism and activism. Due to the
one-child policy introduced in the late 1970s, one-child households have become the norm in China, leading to rapid population aging, especially in the cities where the costs of living are much higher than in the countryside. As a result of cultural ideals, government policy, and modern medicine, there has been severe gender imbalances in China and India. According to the United Nations, in 2018, there were 112 Chinese males aged 15 to 29 for every hundred females in that age group. That number in India was 111. China had a total of 34 million excess males and India 37 million, more than the entire population of Malaysia. Such a discrepancy fuels loneliness epidemics, human trafficking (from elsewhere in Asia, such as Cambodia and Vietnam), and prostitution, among other societal problems. Singapore's birth rate has fallen below the replacement level of 2.1 since the 1980s before stabilizing during the 2000s and 2010s.) Government incentives such as the baby bonus have proven insufficient to raise the birth rate. Singapore's experience mirrors those of Japan and South Korea. Vietnam's median age in 2018 was 26 and rising. Between the 1970s and the late 2010s, life expectancy climbed from 60 to 76. It is now the second highest in Southeast Asia. Vietnam's fertility rate dropped from 5 in 1980 to 3.55 in 1990 and then to 1.95 in 2017. In that same year, 23% of the Vietnamese population was 15 years of age or younger, down from almost 40% in 1989. Other rapidly growing Southeast Asian countries, such as the Philippines, saw similar demographic trends. File:Population pyramid of India 2016.png File:Population pyramid of China 2016.png File:Population pyramid of Singapore 2016.png
Europe From about 1750 to 1950, most of Western Europe transitioned from having both high birth and death rates to low birth and death rates. By the late 1960s and 1970s, the average woman had fewer than two children, and, although demographers at first expected a "correction", such a rebound came only for a few countries. Despite a bump in the
total fertility rates (TFR) of some European countries in the very late twentieth century (the 1980s and 1990s), especially France and
Scandinavia, it returned to replacement level only in Sweden (reaching a TFR of 2.14 in 1990, up from 1.68 in 1980), along with Ireland and Iceland; the bump in Sweden was largely due to improving economic output and the generous, far-reaching family benefits granted by the Nordic welfare system, while in France it was mostly driven by older women realizing their dreams of motherhood. For Sweden, the increase in the fertility rate came with a rise in the birth rate (going from 11.7 in 1980 to 14.5 in 1990), which slowed down and then stopped for a brief period to the aging of the Swedish population caused by the decline in birth rates in the late 1970s and early 1980s. To this day, France and Sweden still have higher fertility rates than most of Europe, and both almost reached replacement level in 2010 (2.03 and 1.98 In the early 1980s, East Germany, West Germany, Denmark, and the
Channel Islands had some of the world's lowest fertility rates. in Saint Petersburg (2018) At the start of the twenty-first century, Europe suffers from an
aging population. This problem is especially acute in Eastern Europe, whereas in Western Europe, it is alleviated by international immigration. In addition, an increasing number of children born in Europe has been born to non-European parents. Because children of immigrants in Europe tend to be about as religious as they are, this could slow the decline of religion (or the growth of
secularism) in the continent as the twenty-first century progresses. In the United Kingdom, the number of foreign-born residents stood at 6% of the population in 1991. Immigration subsequently surged and has not fallen since (as of 2018). Research by the demographers and political scientists
Eric Kaufmann,
Roger Eatwell, and
Matthew Goodwin suggest that such a fast ethno-demographic change is one of the key reasons behind public backlash in the form of
national populism across the rich liberal democracies, an example of which is the
2016 United Kingdom European Union membership referendum (Brexit). Italy is a country where the problem of an aging population is especially acute. The fertility rate dropped from about four in the 1960s down to 1.2 in the 2010s. This is not because young Italians do not want to procreate. Quite the contrary, having many children is an Italian ideal. But its economy has been floundering since the
Great Recession of 2007–08, with the
youth unemployment rate at a staggering 35% in 2019. Many Italians have moved abroad—150,000 did in 2018—and many are young people pursuing educational and economic opportunities. With the plunge in the number of births each year, the Italian population is expected to decline in the next five years. Moreover, the baby boomers are retiring in large numbers, and their numbers eclipse those of the young people taking care of them. Only Japan has an age structure more tilted towards the elderly. Greece also suffers from a serious demographic problem as many young people are leaving the country in search of better opportunities elsewhere in the wake of the Great Recession. This
brain drain and a rapidly aging population could spell disaster for the country. Overall, E.U. demographic data shows that the number of people aged 18 to 33 in 2014 was 24% of the population, with a high of 28% for Poland and a low of 19% for Italy. As a result of the shocks due to the decline and
dissolution of the Soviet Union, Russia's birth rates began falling in the late 1980s while death rates have risen, especially among men. In the early 2000s, Russia had not only a falling birth rate but also a declining population despite having an improving economy. Between 1992 and 2002, Russia's population dropped from 149 million to 144 million. According to the "medium case scenario" of the U.N.'s Population Division, Russia could lose another 20 million people by the 2020s. "The older the population is, the more people are on welfare benefits, we need more health care, and there's a smaller base to pay the taxes," Ian Harper of the Melbourne Business School told ABC News (Australia). While the government has scaled back plans to increase the retirement age, to cut pensions, and to raise taxes due to public opposition, demographic pressures continue to mount as the buffering effects of immigration are fading away. The
Immigration and Nationality Act of 1965 (also known as the Hart–Celler Act), passed at the urging of President Lyndon B. Johnson, abolished national quotas for immigrants and replaced it with a system that admits a fixed number of persons per year based in qualities such as skills and the need for refuge. Immigration subsequently surged from elsewhere in North America (especially Canada and Mexico), Asia, Central America, and the West Indies. By the mid-1980s, most immigrants originated from Asia and Latin America. Some were refugees from Vietnam, Cuba, Haiti, and other parts of the Americas while others came illegally by crossing the long and largely undefended U.S.-Mexican border. At the same time, the postwar baby boom and subsequently falling fertility rate seemed to jeopardize America's social security system as the baby boomers retire in the twenty-first century. Provisional data from the Center for Disease Control and Prevention reveal that U.S. fertility rates have fallen below the replacement level of 2.1 since 1971. (In 2017, it fell to 1.765.) Millennial population size varies, depending on the definition used. Using its own definition, the Pew Research Center estimated that millennials comprised 27% of the U.S. population in 2014. In a 2012
Time magazine article, it was estimated that there were approximately 80 million U.S. millennials. The
United States Census Bureau, using birth dates ranging from 1982 to 2000, stated the estimated number of U.S. millennials in 2015 was 83.1 million people. In 2017, fewer than 56% millennials were
non-Hispanic whites, compared with more than 84% of Americans in their 70s and 80s, 57% had never been married, and 67% lived in a metropolitan area. By analyzing data from the U.S. Census Bureau, the Pew Research Center estimated that millennials, whom they define as people born between 1981 and 1996, outnumbered baby boomers, born from 1946 to 1964, for the first time in 2019. That year, there were 72.1 million millennials compared to 71.6 million baby boomers, who had previously been the largest living adult generation in the country. Data from the
National Center for Health Statistics shows that about 62 million millennials were born in the United States, compared to 55 million members of Generation X, 76 million baby boomers, and 47 million from the Silent Generation. Between 1981 and 1996, an average of 3.9 million millennial babies were born each year, compared to 3.4 million average Generation X births per year between 1965 and 1980. But millennials continue to grow in numbers as a result of immigration and naturalization. In fact, millennials form the largest group of immigrants to the United States in the 2010s. Pew projected that the millennial generation would reach around 74.9 million in 2033, after which mortality would outweigh immigration. Yet 2020 would be the first time millennials (who are between the ages of 24 and 39) find their share of the electorate shrink as the leading wave of Generation Z (aged 18 to 23) became eligible to vote. In other words, their electoral power peaked in 2016. In absolute terms, however, the number of foreign-born millennials continues to increase as they become naturalized citizens. In fact, 10% of American voters were born outside the country by the 2020 election, up from 6% in 2000. The fact that people from different racial or age groups vote differently means that this demographic change will influence the future of the American political landscape. Multiple other sources represent, though, that the Millennials cohort have birthdates beginning from 1982 and ending at 1997. While younger voters hold significantly different views from their elders, they are considerably less likely to vote. Non-whites tend to favor candidates from the Democratic Party while whites by and large prefer the Republican Party. aboard the U.S.S.
Kitty Hawk (2004) As of the mid-2010s, the United States is one of the few developed countries that does
not have a top-heavy population pyramid. In fact, as of 2016, the median age of the U.S. population was younger than that of all other rich nations except Australia, New Zealand, Cyprus, Ireland, and Iceland, whose combined population is only a fraction of the United States. This is because American baby boomers had a higher fertility rate compared to their counterparts from much of the developed world. Canada, Germany, Italy, Japan, and South Korea are all aging rapidly by comparison because their millennials are smaller in number than their parents. This demographic reality puts the United States at an advantage compared to many other major economies as the millennials reach middle age: the nation will still have a significant number of consumers, investors, and taxpayers. Some of these former military service members are combat veterans, having fought in
Afghanistan or
Iraq. As of 2016, millennials are the majority of the total veteran population. According to the Pentagon in 2016, 19% of millennials are interested in serving in the military, and 15% have a parent with a history of military service. ==Economic prospects and trends==