Millennials

What are millennials known for?

The stark characteristics of millennials that they are known for are:

• Extreme creativity and free/forward thinking ability.
• Open and accepting to change.
• Their nature of challenging age-old practices and beliefs.
• Tech-savviness.
• Venturing out of the ‘normal/traditional’ fields of work.

Are millennials well educated?

Millennials were, until their generation, the most educated people. Most of them have a college degree and most college degrees are held by Millennials of the USA. Gen Z has a higher percentage of college degrees than millennials. However, around 40% of millennials have completed college. (Source: Millennials: The Most Educated Generation? – Berkeley Institute for Young Americans).

What issues do millennials face?

In short, millennials are facing the following problems:

• Since they are the most educated generation compared to their predecessors, most of them are under heavy college/student debt.
• Economic issues concerning low pay and low employment opportunities are also something that worries the millennials today.
• The knowledge around mental health and openly speaking about these stigmatized topics has now become normal. The American Psychological Association reported that 12 percent of millennials have been diagnosed with an anxiety disorder. This is almost twice the percentage of boomers who have been similarly diagnosed.

What comes before and after millennials?

Generation Y, or Millennials, are those born between 1981 and 1996 and currently make up a large portion of the working population. They are followed by Generation Z and have been preceded by the Baby Boomers or Generation X.

Is life considered difficult for millennials?

It is a common view that most millennials are grappling with getting employment opportunities. Not having work results in poor economic conditions and thereby giving rise to a host of new problems. Also, with the cost-of-living crossing bounds, no stocks to make money over and student loans to worry about, millennials are struggling a lot. All in all, life hasn’t been a piece of cake for them. But it is also true that every new generation faces novel problems and so life isn’t easy for them as well.

Why are companies struggling to attract good millennial talent?

Millennials today are making up most of the young workforce at organizations. Coming with fresh perspectives and ideas, millennials question the status quo and the ancient practices followed in a traditional work setting.

Millennials care about company culture and joining empathetic organizations, unlike their previous generations. This is something that companies are still working to accommodate and are thus finding it difficult to bring in the millennials on board. To find out more, read this.

What sets the millennials apart from other generations?

• Millennials are the most educated when compared to any generation preceding them.
• 49.4% of the millennials are overburdened with student loans (report by Deloitte).
• Millennials are highly self-centered.
• At the moment, millennials are the most stressed-out people.