A new study finds that millennials are more
likely than baby boomers to give based on their emotions rather than a strategic plan.
Studies have shown many young adults in their 20s and early 30s are better at tracking expenses and sticking to a
budget than baby boomers, who are generally the parents of millennials.
Millennials are four times more
likely than baby boomers to select a bottle of wine based on its label, the survey showed.
The Millennial generation is
larger than the baby boomers — 87 million versus 76 million — and they're expected to be a huge force in the real estate market in the coming years.
And, if they keep pace with their current savings habits, they could retire with $ 1 million more
than Baby Boomer parents and $ 400,000 more than Gen X parents.
This article was adapted from the Morgan Stanley Wealth Management Client Conversations report «Demographic Destiny: Are Millennials Spending
Differently Than Baby Boomers?»
Indeed, Millennial women are twice as likely to be active investors and twice as likely to take on high - risk investments
than Baby Boomer women.
Recent college grads may be more educated, diverse, and
precocious than their Baby Boomer and Gen X predecessors, but new research finds that it could take them a while to get going in the marketplace — at least independently.
Millennial small business owners have more confidence in their retirement
savings than baby boomers, according to our survey, possibly because millennial owners started their business at a younger age on average (26 vs. 43 years old), allowing more time for them to grow their businesses» profit margins and create comfortable retirement plans.
Loneliness seems to lessen with age: Millennials (adults ages 23 to 37, according to the study) are not quite as lonely as Gen Z, but
lonelier than Baby Boomers (ages 52 to 71).
According to a survey conducted among 450 people by online information firm LexisNexis, Generation Y workers (those under 30) spend significantly more time online and juggle more
activities than their Baby Boomer coworkers (those over 45).
This Gen X digital savvy is balanced by strength in more conventional leadership skills such as driving execution and building talent, which are areas in which Millennials rated themselves
lower than both Baby Boomer and Gen X leaders.
The largest living generation, millennials appear to be much less at risk from the effects of the anchoring
bias than baby boomers.
Millennials and their parents are 72 and 69 percent in support of cohabitation; compared to elders, who are anyone
older than Baby Boomers, at only 36 percent.
He noted that millennials, those born between 1982 and 2000, now make up a larger percentage of the U.S.
population than the baby boomers born after World War II.
Millennials and people 71 or older are more likely to say the election is a significant source of
stress than Baby Boomers and Gen X'ers.
Generally, however, it has been found that the millennials or those aged 18 - 34 (or born between 1981 and 1997) have a more comfortable time with virtual
meetings than the baby boomer.
According to a study by Wakefield Research, the millennial generation — those born between 1980 and 2000 — is set to have more spending
power than Baby Boomers by 2018.
As women flooded into the workplace, the birthrate dropped substantially, resulting in the baby - bust Generation X — 25 %
smaller than the Baby Boomers.
In fact, according to a number of our What Workers Want reports from around the world, these generations place this of far higher
importance than Baby Boomers.
Our What Workers Want report also found that this generation find performance - related bonuses motivating, more
so than Baby Boomers and Generation X.