According to Cigna International Health's 2023 survey of almost 12,000 workers around the world, 91% of 18-to-24-year-olds report being stressed – compared to 84% on average. Research indicates Gen Z are emerging as the most stressed demographic in the workplace, and struggling mightily to cope.
Millennials are most worried about saving money, managing debt, and planning for retirement.
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.)
Encyclopædia Britannica defines millennials as "the term used to describe a person born between 1981 and 1996, though different sources can vary by a year or two." Australia's McCrindle Research uses 1980–1994 as Generation Y (millennial) birth years.
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.
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.
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.”
A generation of narcissists
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.
Key points. Millennials and baby boomers have a mostly contentious relationship.
Baby boomers have the highest household net worth of any US generation. Defined by the Federal Reserve as being born between 1946 and 1964 (currently in the ages between 59 and 77), baby boomers are in often in the sunset of their career or early into retirement.
In his remarks, Sinek focuses on four areas: parenting, technology, impatience, and environment. Examining these prime characteristics, Sinek says, can help companies successfully hire and manage millennials.
Overthinking is often caused by procrastination. If you put a time constraint to every decision you have to make, time will enforce the right pressure to let you make a decision.
In many cases, it's natural for Millennials to exude entitlement because they are immature in their grasp of workplace dynamics. In addition, the human brain continues to develop until a person is around twenty-five.
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.
Generation Y / Millennials:
These younger workers are also regarded as being the most "enthusiastic" (68% of respondents agree) about their jobs. CONS: Gen Y-ers scored the lowest on being a "team player" (45%), "hardworking" (39%) and "a productive part of my organization" (58%).
What Is the Definition of Millennials? 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.
Urban Dictionary defines millennial gray as: “The sad depressive hue of the color gray which many millennials coat their life in. The color reflects how millennials went from non-sense happiness, looking at cartoon network and Nickelodeon in the 90's to Inflation and depression in the early 2020s.”
In the 2023 book Generation Alpha by Mark McCrindle, who is generally credited with coining the term, Generation Alpha is defined as "covering those born between 2010 and 2024". Definitions of Generation Z should be taken into account, however.
Millennials were born between 1981 and 1996, according to the Pew Research Center. So as of 2023, the millennial age range is between 27 and 42.
Anyone born between 1981 and 1996 (ages 23 to 38 in 2019) is considered a Millennial, and anyone born from 1997 onward is part of a new generation.