Today, the Council on Economic Advisers released a new report that looks at the so-called "Millennial" generation. And while you might think that this group of Americans -- mostly in their mid-20s -- is all about smartphones and mason jars, you'd be wrong.
The report comes ahead of President Obama's visit with Los Angeles entrepreneurs, technologists, and creatives -- and it takes a close look at the trends and circumstances that have shaped Millennials. It finds a generation shaped by transformation, that came into its own in the midst of the financial crisis, but is also more diverse and educated than any other generation.
Here are some of the most interesting facts from the report:
So even as Millennials face new challenges, they have enormous opportunity. And President Obama is taking steps to ensure their success -- something he'll talk about more this afternoon in Los Angeles.
Want to see the full report? You can check it out here.