They are just as optimistic as any previous generation. They don't look up to brands or institutions or figureheads as much. The future, they know, they must build for themselves with their friends and peers. They know they must take control of their own careers.
Strauss and Howe ascribe seven basic traits to the millennial cohort: special, sheltered, confident, team-oriented, conventional, pressured, and achieving.
Millennials, the generation that includes those born between 1980 and 2003, are commonly described as lazy, poorly prepared and without aspirations.
Millennials want to have a say and contribute their ideas. They resist doing repetitive or boring work. They want to have a life outside of work, and expect enough flexibility to allow them to fulfill both their personal and professional commitments. But entitled doesn't mean lazy.
Millennials have demonstrated their strong work ethic through volunteerism, social activism, and entrepreneurship, proving their capacity to contribute meaningfully to society. They're also known for their ability to multitask and adapt quickly to changing circumstances.
Generation Z was born between 1995 and 2012, whereas Millennials were born between 1981 and 1996. In 2019 the oldest Millennials turned 40, which means that they have been part of adult life for a while.
What do Millennials value most? Millennials value experiences, personalization, authenticity, and transparency. They appreciate companies that are socially and environmentally conscious, and also value flexibility, communication, and collaboration.
Like Boomers, Millennials are a huge generation that we sometimes split into two subgroups: Early Millennials (born 1980-1987) and Recessionists (born 1988-1995). The fairly obvious element that divides these two groups is life stage.
Born between 1981 and 1996, millennials are the largest generational cohort, comprising nearly 22 percent of the United States population and 35 percent of the U.S. workforce. They are tech-savvy, care about more than just a paycheck, and are accustomed to having a voice and a seat at the table.
They value family, personal connection, and loyalty. They seek out the genuine and are repulsed by phony. They are famously optimistic and believe in the possibility of change. They advocate for the environment and social justice.
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.
Gen Y: Gen Y, or Millennials, were born between 1981 and 1994/6. They are currently between 25 and 40 years old (72.1 million in the U.S.) Gen Y.1 = 25-29 years old (around 31 million people in the U.S.) Gen Y.2 = 29-39 (around 42 million people in the U.S.)
The main reasons Gen Zers and millennials are considering switching jobs haven't changed, with higher compensation, improved work-life balance, opportunities for career growth and flexible work arrangements all ranking as top priorities, per LinkedIn's research.
So what do millennials do all day? They spent more time working, providing child care and taking part in educational activities than their older peers. But they spent less time than nonmillennials on household chores, civic or religious work and leisure activities.
TL;DR. Of the top five social causes / issues Gen Z and Millennials are passionate about, three have remained the same: mental health help / care, racism, and abortion / birth control.
Millennials are a demographic cohort or age group, also known as Generation Y. They're called millennials because they became adults around the time of the millennium.
Gen X: Born 1965-1980 (43-58 years old) Millennials: Born 1981-1996 (27-42 years old) Gen Z: Born 1997-2012 (11-26 years old)
Generation Alpha, also called Gen Alpha, term used to describe the generation of people born (or who will be born) between 2010 and 2025. Some researchers, however, consider slightly different ranges. The term was introduced by Australian social researcher Mark McCrindle in a 2008 report on the subject.
According to a recent survey of 1,300 managers, three out of four agree that Gen Z is harder to work with than other generations — so much so that 65% of employers said they have to fire them more often.
75% of millennials age 25-34 years old work 31-50 hours a week, with 16% working 51 or more hours. Similarly, 74% of those 35-64 years old work 31-50 hours a week, with 17% working 51 or more. Americans aged 25-34 year old spend an average of 4.93 hours each day on work or work-related activities.
Common complaints with older generations about millennials in the workplace are that they're whiny, entitled, and require too much nurturing. With that being said, millennials do desire engagement from their employers. However, leaders shouldn't mistake this for being too needy.