Millennials now outnumber Boomers, Census Bureau says

It's finally happened: Millennials are taking over the country.

Millennials, or those born from 1982 through 2000, now make up more than one quarter of the U.S. population (83.1 million), exceeding the 75.4 million Baby Boomers who were born from 1946 through 1964, according to U.S. Census Bureau estimates released Thursday.

They're also more diverse than any generation before them – 44.2% of American Millennials are part of a minority race or ethnic group, according to the estimates.

In fact, the whole U.S. population is more racially and ethnically diverse. A total of 37.9% of Americans identified as minorities in 2014, up from 32.9% in 2004.

Another milestone: In 2014, those younger than 5 years old "became majority-minority for the first time, with 50.2% being part of a minority race or ethnic group," according to the estimates.

"Majority-minority" refers to when less than half of a population are non-Hispanic, single-race Whites.

The U.S. as a whole is expected to become majority-minority by 2044, according to another report from the Census Bureau.

"These latest population estimates examine changes among groups by age, sex, race and Hispanic origin nationally, as well as in all states and counties, between April 1, 2010, and July 1, 2014," the report said.