In a recent report by Axiometrics, rental trends are segregated into age groups for the years 1982 - 2013. The left hand y axis is the percentage of renter households to total households. The right hand y axis is the difference in the employment-to-population ratios for 25-34 year-olds compared to that of 20-24 year-olds (the yellow dotted line). From this chart, we can see that trends in recent years have shifted upward to include a more proportionate share in renting. Additionally, from the yellow dotted line we can see that "the ratio of employed older millennials has been increasing faster than that of younger millennials".
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