Fun facts about Millennials . . . There are more of them, they are spending more and they are the best educated cohort ever to walk upright on the planet.

Posted By on June 15, 2014

I have collected three charts from a recent report published by Business Insider from data originally presented by Goldman Sachs regarding demographic facts about the Millennial generation – that is people born between roughly 1980 and 2000. The oldest is mid 30’s. The youngest are teenagers. The coming of age of the Millennials is the most important demographic fact that will influence the extent and rate of adoption of technology in the U.S. It will hence represent a rising tidal force for the businesses that comprise the Aberdeen portfolio. Jeb B Terry, Sr. June 15, 2014

Millennials are the children of the baby boomers, and there are about 95 million of them, comprising 30% of the population – more than the Baby Boomers.

People have lost sight that the Millennials are the largest generation to reach adulthood in the U.S. They will represent a dominant share of consumer spending in coming years. They are the most tech savvy folks in the population and will cause an acceleration in tech adoption.

opulation distr by age - Millennials 6-13-14

Millennials are starting to age into their prime spending years.

Millennials are coming into their 30s, which means they will be an increasingly important consumer group, as seen in this Goldman Sachs chart. Millennials have been later in forming households, having babies and buying houses and the stuff that goes in them than the Boomers. This portends rising demand by them for household spending over the next 15 years.

Millennials approaching prime spending yrs GS data 6-13-14

Millennials are better educated than prior generations. They are the best educated generation – EVER.

A higher proportion of 18- to 24-year-olds are going to college now than at any time in the past. Despite a certain percentage of college education wasted on low value degrees, the fact remains that more people have been matriculated through higher education than ever before. This means they at least were exposed to diverse student populations and forced to realize there are different realities than the comforts of home. This suggests to me that they are at least more inclined to change, are more mobile and are more capable of learning new skills than any other generations.

Pct of 18-24 yr olds in College 6-13-14

Read more: http://www.businessinsider.com/millennial-facts-2014-5#ixzz32h00U600

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About The Author

Mr. Terry draws upon over 30 years of investment experience in the areas of venture capital, leveraged buy outs, foreign emerging markets and public stock markets. From 1976 to 1980, Mr. Terry was engaged in venture capital and corporate finance at First National Bank in Dallas. From 1980 to 1986 he was engaged in private equity investing in diverse industries. From 1986 to 1990 Mr. Terry was Co-General Partner of a private hedge fund affiliated with a high net worth Texas family office, involved in investment activities including convertible arbitrage, venture capital and strategic investing in public securities. From 1991 to 1996 Mr. Terry managed a team of four professionals to provide hedge investment services to high net worth clients. Hedge services included rigorous fundamental evaluation and technical analysis of portfolio companies. Prior to starting Aberdeen in August, 2001, Mr. Terry was a VP in the Private Client Services Group of Bear Stearns & Co., Inc. focused on technology and emerging markets. Mr. Terry has an MBA from Columbia Graduate School of Business and a BBA from Southern Methodist University. Aberdeen Investment Management, LLC is a Registered Investment Advisor in the state of Texas.

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