As a demographic expert, I have been closely monitoring the shifts and trends within the American population. The Millennials, a generation born between 1982 and 2000, have been a subject of significant interest due to their size and the impact they have on the economy and society. According to the U.S. Census Bureau estimates released on June 25, 2015, the number of Millennials in the United States had reached 83.1 million. This figure is substantial, as it represents more than one-quarter of the nation's population and surpasses the size of the baby boomer generation, which stands at 75.4 million individuals.

The Millennial generation is known for its technological savviness and the significant role they play in the workforce and consumer markets. They are the first generation to have grown up with the internet and digital technology as an integral part of their lives, which has shaped their behaviors, values, and expectations in unique ways. This generation is also characterized by its diversity, with a higher proportion of racial and ethnic minorities compared to previous generations.

One of the key challenges facing Millennials is the economic landscape they have entered. Many have faced difficulties in finding stable employment and affording housing, which has led to a trend of delayed milestones such as marriage and homeownership. Additionally, the burden of student loan debt has been a significant issue for this generation, affecting their financial stability and long-term economic prospects.

Another notable aspect of the Millennial generation is their social and political attitudes. They tend to be more progressive and open-minded compared to older generations, with a strong focus on social justice, environmental sustainability, and global interconnectedness. This has led to a generation that is more likely to engage in activism and advocate for change.

The Millennials' impact on the workplace has also been transformative. They value work-life balance, flexibility, and opportunities for professional development. This has prompted many employers to rethink traditional workplace structures and offer benefits that align with the priorities of this generation.

In terms of consumer behavior, Millennials have shown a preference for experiences over material possessions, a trend that has influenced the growth of the sharing economy and the rise of companies that offer unique, personalized experiences.

As the Millennials continue to age and move through different life stages, their influence on society will undoubtedly continue to evolve. Understanding their needs, aspirations, and the challenges they face is crucial for businesses, policymakers, and society as a whole to adapt and thrive in the years to come.

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JUNE 25, 2015 -- Millennials, or America's youth born between 1982 and 2000, now number 83.1 million and represent more than one quarter of the nation's population. Their size exceeds that of the 75.4 million baby boomers, according to new U.S. Census Bureau estimates released today.Jun 25, 2015read more >>