Gen x age range 20217/2/2023 Millennials’ personal median income was 40.7% higher than the personal median income for all Australians aged 15 years and over. Teaching and nursing are female-dominated professions and were in the top five occupations for female Millennials, Generation X and Baby Boomers when they were all aged 25-39 years.įor all generational groups, median incomes of 25-39 year olds were higher than the median incomes of the overall population. For example, nursing education became an undergraduate degree across all of Australia in 1994 and teaching required a 4-year bachelor degree from 2003. These increases may be partly because of changes in the level of qualifications required for employment. In 2021, almost half (46.5%) of Millennial females had a bachelor degree or higher, compared to only one in three (34.3%) Millennial males. While male Baby Boomers and male Generation X were more likely than females to have qualifications, for Millennials, females were more likely to have these qualifications (81.7%, compared with 76.7% males). With each successive generation, the proportion of females who obtained non-school qualifications increased. In 1991, only one in eight (12.3%) Baby Boomers had a bachelor degree or higher despite tertiary education being free from 1974 until the Higher Education Contribution Scheme (HECS) was introduced in 1989. In 2021, 40.5% of Millennials had a bachelor degree or higher (40.5%), compared with one in four (24.8%) Generation X in 2006. Non-school qualifications include certificates, diplomas, degrees and postgraduate qualifications. In 2021, over three-quarters of Millennials (79.2%) had a non-school qualification compared with nearly two-thirds of Generation X (64.2%) in 2006, and less than half (47.6%) of Baby Boomers in 1991. This was slightly higher than in 2006 for Generation X (51.5%), however for Baby Boomers in 1991 it was 49.0%, with male students outnumbering females.Īlthough 25-39 year old students were more likely to be studying part-time for all generations, Millennials were most likely to be full-time students (45.2%), followed by Generation X (36.9%) and Baby Boomers (24.1%). In 2021, the majority of Millennial students were female (54.0%). The proportion of females studying has increased over time. This trend was accelerated during the COVID-19 pandemic. The 21st century has seen growth in the number of educational institutions offering online courses in line with technology advances. From the late 1980s, the university sector in Australia rapidly expanded with twenty new universities accredited between 19, and an increase in campuses in regional locations. In 2021, almost one in five (19.1%) Millennials were studying, compared with 17.0% of Generation X in 2006, and 12.2% of Baby Boomers in 1991.Ī higher proportion of Millennials studying may be an indication of the increased accessibility and flexibility of higher education. The most common living arrangement for Millennials in 2021 was living in a couple household with no children (35.7%) which was almost twice the rate of Generation X in 2006, and more than twice the rate of Baby Boomers in 1991.Ģ5-39 year old Millennials were more likely than the previous generations to be studying at TAFE, university, or other vocational and higher education providers. Millennials were twice as likely to live with an unrelated person (2.4%) than Baby Boomers or Generation X (1.1% and 1.2% respectively) when they were the same age. At their same life stage, over forty per cent (40.7%) of Generation X were living with a partner and children, and more than half of the Baby Boomers (51.5%). One out of every five (21.2%) Millennials were living with a partner and children, a significant decrease from the earlier generations. For Generation X half were married by 32 years and for Millennials, 34 years. As a result, a higher proportion of Millennials (19.3%) lived in a de facto relationship in 2021 than Generation X (14.6%) in 2006, and Baby Boomers (7.6%) in 1991. Half of Baby Boomers were married by the age of 27 years. In 2021, over half (52.6%) of Millennials had never been married, compared with 43.7% of Generation X in 2006 and just over one-quarter (26.4%) of Baby Boomers in 1991.Ĭompared with earlier generations, Millennials married at an older age. Millennials were least likely to have married or had children compared with Generation X and Baby Boomers back in their day.
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