Strauss and Howe ascribe seven basic traits to the millennial cohort: special, sheltered, confident, team-oriented, conventional, pressured, and achieving.
Issues that matter to Millennials
Millennials as a whole also demonstrate more optimism about the future than the other generations. They are more passionate than the older generations, with 27.2% falling into the Passionate group compared to 14.2% of Baby Boomers and 18% of Generation X.
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.
Generation Z has more conservative spending habits and is more focused on saving money than millennials were at their age. Gen Z tends to be interested in purchases that provide the maximum amount of value for their money, while millennials are more focused on the buying experience.
Common stereotypes associated with millennials, roughly defined as the generation born since 1980, are well documented and mostly negative. Millennials are presumed to be lazy, entitled, delusional, narcissistic and unreliable.
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 value experiences, personalization, authenticity, and transparency. They appreciate companies that are socially and environmentally conscious, and also value flexibility, communication, and collaboration.
They prefer written communication.
Most millennials would rather leave the telephone untouched and streamline their workload using written communication methods. Sending out a message via email or instant messaging is a quick, effective way to get in touch with someone.
When we first started delving into the buying habits of Gen Z and Millennials, we found Gen Z to be pragmatic, focused on saving money, and wanting brands to constantly innovate. Millennials, on the other hand, were idealistic, willing to pay more for experiences, and committed to their favorite brands.
Baby boomers are typically more traditional than millennials in terms of lifestyle. They are more likely to be homeowners and to live in traditional nuclear families. On the other hand, millennials are more likely to put off getting married and having kids later in life.
Millennials aren't lazy; in fact, most of them are incredibly driven. They want to learn, advance, and progress. And it's important to provide them a path to do so at your company. As Fontana explains, "Giving employees room to grow and progress at your business is a huge motivator.
Millennials are most worried about saving money, managing debt, and planning for retirement.
Millennials are the generation of children born between the early 1980s and the mid-1990s. They're called millennials because the oldest members of this generation were reaching adulthood at the turn of the millennium.
Also known as digital natives, millennials are those born between 1982 and 1994 and technology is part of their everyday lives: all their activities are mediated by a screen. The concept of on and off is completely integrated into their lives.
Yet another explanation: “They look younger because they're smoking/doing drugs less. And also less time outside in the sun.” Time magazine covered this millennial aging phenomenon years ago. They reported that smoking rates had decreased and exercise had increased.
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.
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.
Key points. Millennials and baby boomers have a mostly contentious relationship.
Negative Traits
Besides being cynical, Millennials were far more likely than others to perceive their generation as being: “Self-absorbed” (59%, versus 30% of Gen Xers, 20% of Boomers, and 7% of Silents; “Wasteful” (49%, compared to 29% of Gen Xers, 20% of Boomers, and 10% of Silents); and.