The New York Times cites that they've been called, “narcissistic, lazy, and indecisive. Millennials have been labeled the boomerang generation for the many unable or unwilling to leave their parents' home, or even more negatively, the Peter Pan generation because they supposedly won't grow up.”
The Greatest Generation is “responsible and hard-working”; Baby Boomers are “selfish”; Gen Xers are “cynical and disaffected”; Millennials are “entitled and lazy”; Gen Zers are “civic-minded.” Even though these stereotypes are frequently called into question, they linger in the mind, fed by media, politicians, and ...
Flexibility and Multitasking. As already mentioned, the Millennial Generation is able to accept different cultures. Hence, flexibility means that Millennials are able to work with new people, places, and situations. Although they do not expect to change, they are ready to accommodate to new things and people.
Baby boomers are living longer but not necessarily healthier. The Journal of the American Medical Association study reported lower activity levels, obesity, high cholesterol, and take more medication for diabetes and hypertension than previous generations.
Strauss and Howe ascribe seven basic traits to the millennial cohort: special, sheltered, confident, team-oriented, conventional, pressured, and achieving.
Zillennials (sometimes called Zennials) are the micro-generation of individuals born on the cusp of the Millennial and Generation Z demographic cohorts. Zillennials are generally the children of members of Generation Jones (younger Baby Boomers) and Generation X.
Gen Z has been called the 'most depressed generation' with the least positive outlook and diminished emotional and social well-being. They have more unmet social needs than any other generation. The statistics for their behavioural-health issues – mental and substance disorders – are alarming.
Generation Z (Gen Z) is currently between 10 and 25 years old, born between 1997 and 2012, and research suggests that they are the most anxious generation to date.
Millennials, members of the generation born between 1981 and 1996, have been dubbed the “unluckiest generation” regarding financial timing. They are coming of age during economic instability and macro environment changes that have drastically affected their opportunities.
Millennials are driven to prove their doubters wrong, create the best possible life for themselves and their loved ones, and above all else, find their place in a busy, noisy world. The Millennial Lifestyle is focused on making a difference on every level – professionally, socially, politically and economically.
What are the psychological characteristics of millennials?
So, millennials tend to have very positive views of themselves and are very optimistic about their expectations for their lives and they're more likely to say that they're above average compared to their peers and they tend to score higher on other measures of positive self-views, like self-esteem and even narcissism.
Millennials spend 26% of their monthly income on rent or mortgage payments. 36% of Millennials are concerned with the cost of living. 30.3% of Millennials use Buy Now, Pay Later services. Millennials do 54% of their shopping online.
