Millennial parents will be beneficial to the economy.

Millennial parents will be beneficial to the economy. COVID has already heavily impacted the future of Millennials and while many have delayed marriage and having children, they aren’t totally forgoing family life. Pre-pandemic, YPulse’s Millennial Parenting report found that 52% of 19-37-year-olds are open to or plan to be parents in the future. As more Millennials enter their “parenting prime,” economists predict a significant shift in spending from discretionary purchases to necessities—with 90% of spending going toward mortgage interest, vehicles, gasoline, furniture, toys, and children’s clothing. (Barrons)