Daily News
From Home Furnishing Business
Generation Z, Most Ethnically Diverse Population of 67 Million
October 28,
2019 by Laurie Northington in Business Strategy, Industry
During the next five years, over 20 million consumers tagged as Generation Z will pour into young-adult status with the leading edge surpassing the age of 21 this year, graduating from college and entering the workforce.
According to data from U.S. Census Bureau’s Population Statistics, Generation Z is roughly 8% smaller than Millennials and 2% larger than the older Gen Xers, who are predominantly their parents.
Generation Z is the most ethnically diverse of all the generations preceding it. 48% of 6 to 21-year-olds in 2018 (Generation Z) are non-white, significantly more compared to 39% of Millennials in 2002, 30% of Gen Xers in 1986 and 18% of Early Boomers in 1968.
For an in-depth look at the numbers, click here.