Millennials turn 40 this year and people are not happy

Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more SIGN UP I would like to be emailed about offers, events and updates from The Independent. On Monday, CNBC raised awareness of the actual age of millennials with an article titled: “Meet the middle-aged millennial: Homeowner, debt-burdened and turning 40,” in which the outlet explained that the generation will begin to turn 40 in 2021. Another person said: “I feel attacked,” while someone else added: “This is violence.” However, others were quick to defend their millennial status, with one person explaining that despite the older members of the generation turning 40, they are at the “very end of that spectrum” and have not yet reached 25. “Anyway, do not relate to turning 40 yet hahaha.” Although most older millennials don’t fit the stereotypes associated with the generation, mainly that they are too busy spending money on avocado toast and lattes to buy a home, the outlet did note that millennials aren’t as financially well-off as previous generations and that homeownership doesn’t “come easy”. According to the outlet, among the older millennials who have purchased a home, 10 per cent reported taking a loan from their retirement accounts while 20 per cent “used a credit card to help with purchase and closing costs, including the down payment”.