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millennials characteristics: 10 Common Characteristics of the Millennial Generation
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The millennial generation is made up of people born between 1982 and 2000. They’re the most diverse generation in history, and they’re also the most educated. But despite these positive characteristics, millennials are often stereotyped as lazy, entitled and ungrateful. In reality, millennials face many financial challenges that previous generations didn’t have to contend with – including high student loan debt, lower salaries and high unemployment rates compared to other generations at similar points in their lives. Still though — there are some positives when it comes to this new generation’s finances too! So let’s take a closer look at some common characteristics of millennials:
The Millennial generation is the most diverse in history, and it’s one of the most educated.
The Millennial generation is the most diverse in history, and it’s one of the most educated. In fact, nearly 75% of Millennials have a college degree or higher–the highest percentage of any other generation.
Millennials are also more likely to be entrepreneurs than older generations: in 2017 alone, 6 out of 10 Americans started their own businesses (a number that includes both Millennials and non-Millennials). And when it comes to social consciousness, Millennials are setting themselves apart from prior generations by wanting to make a difference through their work as well as in their personal lives.
Millennials are often perceived as bad employees because they’re so comfortable interacting with others on social media.
However, it’s important to separate personal and professional life. If you’re going to use social media at work, make sure that you aren’t spending too much time on it and that your boss knows what you’re doing. The best way to do this is by setting boundaries with yourself and others in the office.
Even though millennials are often perceived as bad employees because they’re so comfortable interacting with others on social media, there are many benefits of using these tools at work:
Millennials are more optimistic about the economy than previous generations, but they still struggle with debt and unemployment.
Millennials are more optimistic about the economy than previous generations, but they still struggle with debt and unemployment.
The millennial generation was born between 1981 and 1997, making them between 18 and 36 years old. According to a study by Pew Research Center, millennials tend to be more optimistic about their economic future than previous generations–and it’s easy to see why: They’ve grown up during a time when there were more jobs available than ever before in history (though this may not always be true).
But even though millennials are generally optimistic about their financial prospects for the future, many still face challenges related to debt and unemployment today–and these problems can affect them long after they graduate college or enter into full-time employment.
Millennials care deeply about their personal finances, but many have a hard time controlling their spending.
Millennials are more likely to have debt than other generations, according to a study from the Pew Research Center.
The study found that 30% of Millennials have student loan debt and 27% have credit card debt. In contrast, only 19% of Baby Boomers had student loan debt and only 15% had credit card debt.
Millennials are the first generation to grow up with cell phones and social media.
Millennials are the first generation to grow up with cell phones and social media. This has had a dramatic impact on their lives, and it’s why millennials are so different from previous generations.
Many people think that millennials are lazy and entitled because of their reliance on technology, but this couldn’t be further from the truth! In fact, many millennials work hard to keep up with the demands of modern life while still finding time for themselves and their friends.
Millennials are highly entrepreneurial – but they’re also more likely to be unemployed than other generations.
Are you a Millennial? Are you looking for a job? Good news: the economy is recovering, but it’s not recovering fast enough for Millennials.
Millennials are more likely to be unemployed than other generations. In fact, in 2015, about 15% of Americans between the ages of 18 and 34 were unemployed–that’s about 3 million people! And even those who do manage to land jobs might find themselves underemployed. In 2014, almost half (47%) of recent college graduates were working in jobs that don’t require degrees or professional licenses; another study found that only 55% of this group had full-time employment after graduation compared with 70% from previous generations.* So if you’re part of this generation, what else can we say about you?
Millennials are saving less than previous generations at similar points in their lives.
Millennials are saving less than previous generations at similar points in their lives. The average millennial has an annual income of $32,000 (in 2014). But one-fourth earn less than $20,000 each year and almost one-third earn less than $10,000 per year (2014).
Millennials are not in the same financial position as their parents were when they were young adults. One reason is that the cost of living has increased dramatically over the past few decades while wages have stagnated or fallen. If you’re wondering why millennials aren’t able to save more money than their parents did at this age: it’s because they’re spending more on things like housing and education–and also because they’re paying off student loans from college!
The average millennial has an annual income of $32,000 (in 2014). But one-fourth earn less than $20,000 each year and almost one-third earn less than $10,000 per year (2014).
The millennial generation has a lower median income than previous generations. In 2014, the average millennial earned $32,000 per year (Bureau of Labor Statistics). That’s less than half as much as baby boomers earned at that age during their first year out of college in 1979 ($59,000).
The unemployment rate among Millennials is also higher than for other age groups in America–it was 9% for those ages 16 to 19 in 2015; it was 5% for 20-24 year-olds; and 3% for 25-34 year olds (Federal Reserve Bank of St. Louis).
Millennials are more likely to be unemployed or underemployed than previous generations were at this point in their lives: while only 8% of people aged 55+ were unemployed during 2009-2010 according to Pew Research Center data on American Social Trends Series on Aging & Society (2015), over 20% of 18-34 year olds were unemployed during that same period based on U.S Census Bureau Current Population Survey estimates published by Pew Research Center
A new generation is coming of age
Millennials are the largest generation in history and they’re coming of age in a time of economic uncertainty. They have faced higher levels of unemployment than previous generations, which has led to lower household incomes than previous generations.
Millennials are also more educated than any other previous generation; over 50% have at least a college degree, compared to 33% for Baby Boomers and 26% for Generation Xers. Millennials also tend to be more ethnically diverse than previous generations; according to Pew Research Center data, 38% of Millennial adults were nonwhite compared with 27% among Gen Xers and 22% among Boomers at similar ages (ages 25-32).
In addition to being more racially diverse than older generations were at their age point when they were growing up (or even now), millennials are also less religious: 31 percent identify themselves as Christians today compared with 45 percent among older Americans who were born before them (those born between 1928-1945).
The millennial generation has a lot to offer, but they are also facing some tough challenges. Many millennials struggle with high student debt and unemployment rates, while others have a hard time saving enough money for retirement or even paying their bills on time. It’s important to understand the characteristics of this generation so we can better serve them as consumers and employees!
millennials characteristics: 10 Common Characteristics of the Millennial Generation
Introduction
The millennial generation – those born between the early 1980s and 2000 – is often portrayed as lazy, entitled, and self-absorbed. But there’s more to this group than meets the eye. In fact, millennials are a diverse group of individuals who have different interests and goals from each other. Here are some of their common characteristics:
Millennials are the largest generation in the US workforce.
Millennials are the largest generation in the US workforce. They make up more than one-third of all adult Americans and are more likely to be in the workforce than other generations, including older ones like baby boomers and Generation Xers.
Millennials have a higher rate of employment than any other age group (72%), but they also have lower rates of full-time employment (54%) compared to Generation Xers (67%) or Baby Boomers (64%).
Millennials prefer to be managed in a different way than older generations.
Millennials prefer to be managed in a different way than older generations.
Millennials are more likely to change jobs, and they have an average tenure of just 2.5 years, according to a recent Gallup poll.
Millennials are more likely to change jobs than older generations. A recent Gallup poll found that millennials have an average tenure of 2.5 years, compared to 4 years for Baby Boomers and 6 years for Generation Xers.
Millennials are also more likely than other generations to change jobs for better training and development opportunities, or for a better work-life balance (i.e., fewer hours).
More than half (57%) of millennials say they would change jobs in order to get better training and development opportunities, according to a spring Towers Watson survey. That’s 30 percentage points higher than the general workforce (mean score of 27%).
Millennials want to learn and grow.
More than half (57%) of millennials say they would change jobs in order to get better training and development opportunities, according to a spring Towers Watson survey. That’s 30 percentage points higher than the general workforce (mean score of 27%).
Millennials also have high expectations for their employers: 78% believe training should be provided by their employer; 63% expect it to be relevant; and 58% think it should be on-the-job rather than classroom-based.
Millennials are more likely than other generations to want a workplace that values diversity and inclusion, according to Deloitte’s latest Millennial Survey. They’re also more likely than other generations to say it’s OK for companies to have hiring policies that include gender or race preferences – 69% agreed with this statement; only 55% of Generation Xers and 46% of baby boomers did so as well.
Millennials are more likely than other generations to want a workplace that values diversity and inclusion, according to Deloitte’s latest Millennial Survey. They’re also more likely than other generations to say it’s OK for companies to have hiring policies that include gender or race preferences – 69% agreed with this statement; only 55% of Generation Xers and 46% of baby boomers did so as well.
However, Millennials are far less likely than older workers (and even younger ones) to believe diversity efforts can lead directly to better performance and profitability at a company: just 49% said they do so “a lot,” compared with 70% who said so in 2015.
A majority of millennials (62%) said they’d like their employers to provide them with access to professional development online or through mobile devices, according to Deloitte’s survey results. Only 41% of Gen Xers and 34% of baby boomers said the same thing.
Millennials are the most tech-savvy generation, so it’s no surprise that they want to learn new skills and improve their career prospects.
A majority of millennials (62%) said they’d like their employers to provide them with access to professional development online or through mobile devices, according to Deloitte’s survey results. Only 41% of Gen Xers and 34% of baby boomers said the same thing.
Conclusion
If you’re a millennial who wants to advance your career, you may be wondering what can be done to help you get ahead. One way is by gaining more experience at work. You can do this by taking on more responsibilities or projects within your current role or company, but it may also mean looking for opportunities elsewhere if there aren’t any available at present.