Millennial You
Life, Love & Work
If you are born between 1980 and 2000, you are the “it” generation. Your numbers have surpassed the Baby Boomer generation by 11 million people. And by 2020 1 in 3 American adults will be a millennial.
So, how does the world impact you and how do you impact the world?
The Millennial generation is the most diverse. Americans ages 18 and 34 are the most racially diverse generation in U.S. history. of Millennial adults are nonwhite, the most of any current or previous generation. This is compared to baby boomers at 72{0a8a364de4bdc182cd885a6012ac9d29a32bc2558b82915042b80d80d2f2dae4} and Generation X is at 61{0a8a364de4bdc182cd885a6012ac9d29a32bc2558b82915042b80d80d2f2dae4} white.
You are socially conscious. You are the recycling generation who learned about mans impact on the environment. You also promote and invest in companies and brands that give back to charities and have a social conscious.
Despite high rates of unemployment due to the Great Recession, Millennials are optimistic about the future feeling that America’s best years are yet to come and that their future is bright.
Millennials would rather make $40,000 a year and live a happy, balanced life than $100,000 working 80 hours a week.
Millennials are getting married at a later average age, taking time to find themselves and to pay off debt. Despite waiting to marry, a record number of you are cohabitating. According to Pew Research Center only 22{0a8a364de4bdc182cd885a6012ac9d29a32bc2558b82915042b80d80d2f2dae4} of Millennials are currently married, compared with 29{0a8a364de4bdc182cd885a6012ac9d29a32bc2558b82915042b80d80d2f2dae4} of Gen Xers in 1997. In the meantime, cohabitation rate (the portion of adults who are living together without being married) among 18- to 29-year-olds has increased to 9.2{0a8a364de4bdc182cd885a6012ac9d29a32bc2558b82915042b80d80d2f2dae4} today, from 5.8{0a8a364de4bdc182cd885a6012ac9d29a32bc2558b82915042b80d80d2f2dae4} in 1997.
Every generation has their generalizations that through research and analyzation seem to ring true for the majority. As a millennial, do you feel this is an accurate description of your generation overall? Your numbers are staggering and your impact on the economy, politics and social change is a phenomenon.
*Photo credit “Good News” Andres Rodriguez