Whom Classifies as a Millennial?
Millennials are a generation that’s completely different when compared to their predecessors – the Baby Boomers and Generation X. The Baby Boomers are ambitious, driven and focused on pursuing the American Dream. At the same time, Generation X representatives are characterized by cynicism, nihilism and lack of engagement.
After a lot of turmoil and insecurity, Millennials came into a fairly safe world, especially when compared to their parents and grandparents’ generations. In fact, many consider that Millennials had the best childhood in many generations. Gen Y representatives are involved, they want to make big changes, and care more about social justice. At their very core, they delay adulthood as much as possible, which is also the reason why they have been referred to as the ‘Peter Pan Generation’ as well.
Generation Y is diverse, but it ultimately is comprised of people who know love to have fun, who are sociable and are rather self-centered. Despite this, most individuals born between the 80s and the 90s are tolerant, they have a solid set of morals to guide them in life and they are among the most educated of all generations.
Statistics also show that Millennials are more ‘unstable’ than their forerunners when it comes to following the traditional ‘way of life’. According to the research, almost 60% of those belonging to Gen Y have already switched careers. Moreover, of all the hiring managers interviewed, 53% of them admit that retaining Millennials is quite difficult. This makes sense when paired when you take into consideration that 70% of the recent college graduates leave their first jobs within 2 years.