Baby Boomers spend 18 percent more
time than Millennials on their home search, averaging 4.9 months searching for a home to buy.
Gen Z grew up in a much different
time than the millennial generation, and experts say they overwhelmingly aspire to be homeowners.
Not exact matches
They were also more likely
than millennials to stay on their phones at the dinner table and spend more
time on every type of device — phone, computer, or tablet.
The Iowa caucuses were a good illustration: The New York
Times reported that the Sanders campaign spent more
than $ 350,000 in advertising targeting
millennials on Facebook and Instagram.
The New York
Times recently reported that more
than 16 million
millennial women are now mothers, according to Pew.
The
Millennial generation has an entirely different consideration set for motivation, and given that they already comprise more of the workforce
than GenXers and Baby Boomers, we need to invest
time, money, and energy into creating workplaces that
Millennial employees will love.
Research from The Boston Consulting Group found that the guys are not alone in how they spend on takeout:
Millennials (ages 16 to 34) eat out 3.4
times per week and are more likely
than other groups to get food to go and eat with friends.
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 retirem
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 retirem
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.
And in a
time when credit cards are easier
than ever to come by, many
millennials give in to this pressure by spending money they don't have.
Hilary Stout illustrated this problem in The New York
Times in June: «After all, the
millennial generation has less wealth and more debt
than other generations did at the same age, thanks to student loans and the lingering effects of the deep recession,» she wrote.
A report by Young Invincibles explains why
millennial parents are having a harder
time financially
than previous generations.
According to data from a Consumer Financial Protection Bureau report, 1 in 10
millennials overdraft more
than 10
times a year.
Surveys show that
Millennial workers rate training and development as an employee benefit three
times higher
than they rate cash bonuses.
That's not necessarily a good tradeoff, especially for
millennials, who value free
time and work - life balance a lot more
than previous generations.
Millennial parents, a group The New York
Times labeled «parennials,» are less likely to turn to friends and family for advice
than older generations.
As I've pointed out elsewhere,
Millennials tend to be more focused on results
than appearances, so micro-managing their
time rather
than their output is just going to confuse them — and quite possibly make them accomplish less rather
than more.
As far as investing is concerned, UBS found in a study that
Millennials were more likely to self - identify as conservative investors
than their Baby Boomer or Generation X peers, even though they had the longest
time window to retirement.
«And
millennials, a generation known for switching jobs often, are more
than 25
times more likely to say they plan to stick around when they feel they have a great place to work,» he writes.
Here's an almost unbelievable stat:
Millennials reportedly «switch media venues 27
times per non-working hour,» and they're more able to process information quickly
than older peers (again, because they've been doing it since they were in diapers).
«Although earning slightly more
than their parents did in the 1980s,
millennials need to pay more to get their foot in the housing door,» he said, adding that the average house price in 2011 was ten
times the median salary of a young family.
«Additionally,» it says, «these markets are continuing to draw interest from a younger crowd, as the older
millennial age group is viewing property listings at a rate 1.2
times greater
than the share of older
millennials already living in the area, indicating strong interest from others wanting to move into these neighborhoods.»
And, on the flip side, among
millennial employees, those who experience their company as a great workplace are 20
times more likely to plan a long - term future there
than those who do not.
Millennials ages 14 - 25 spend more
time streaming video content
than watching live television.
Millennials are around 2.5
times more likely
than boomers to at least occasionally share a social - media link that references a brand or product and to follow brands on Twitter.
PayScale and
Millennial Branding Release Third Annual Study on the State of Gen Y, Gen X, and Baby Boomer Workers Study highlights
Millennials are having a harder
time achieving financial independence
than previous generations, are more willing to job hop;... Continue reading →
With 4.3 million
millennials turning 30 this year and the number set to jump to 4.6 million by 2020, there will soon be more adults in their early 30s
than at any other
time in U.S. history, according to an analysis of U.S. Census data by Wells Fargo.
That may be due to income growth and the fact that
millennials have been renting for a longer period of
time than previous generations, putting them higher up on the pay scale.
Currently, the
millennial attrition risk for investment advisor relationships is four
times higher
than other generations, the study found.
Clark's script blamed the housing crisis on a shortage of supply, growing population and demand, consumers with double the borrowing power they had in 2000, and
millennials «who are greater in number
than even the baby boomers — and who are now entering the housing market for the first
time — and they aren't happy.»
HR industry experts have devoted a lot of
time and research into demystifying
millennial employees, only to discover that this younger generation has more in common with mature, seasoned employees
than once thought.
African - American
millennial males spend more
time watching both traditional TV (33 hours) and online video (3 hours)
than the average, while Asian - American
millennial males watch less TV (11.5 hours) and even more Web video (nearly 4 hours).
Millennials are having a much harder
time achieving financial independence
than previous generations.
Study highlights
Millennials are having a harder
time achieving financial independence
than previous generations, are more willing to job hop; Report also finds gender wage gap is shrinking
«While it's easy to assume
Millennials are willing to job hop because they're less loyal to their employers
than previous generations, you have to really look at the current economic climate to understand why that attitude has shifted over
time,» said Lydia Frank, Editorial Director, PayScale.
Like their American counterparts,
Millennial entrepreneurs in Europe also report spending less
time and e ort on business administration tasks when compared to those in their 50s, and more
time on strategy and sta management
than those in their 30s and 40s.
Boomers and seniors are 85 percent more likely
than Gen Xers to have $ 300,000 or more in retirement accounts and 4.6
times more likely
than millennials to have saved this amount.
In the UBS survey, more
than half of
millennials said they regretted «selling investments at an inopportune
time.»
And the average total debt load is more
than five
times greater for older
millennials in their 30s at $ 69,552.
The study found that freelancers age 35 and up are actually less likely
than their
millennial counterparts to return to full -
time employment, and more
than half of freelancers in this more veteran age bracket report satisfaction with their work - life balance.
Despite having much more
time to save for retirement, more
Millennials (17 %)
than Baby Boomers (13 %) believed they'll never retire.
SigFig researchers found
millennial investors are most likely to own stock in Advanced Micro Devices, SolarCity, Twitter, GoPro — and Tesla, which they're 2.7
times more likely to own
than boomer investors.
They are more
than five
times more likely
than millennial investors to own shares of Southern Co., an electric utility company, and about five
times more likely to own shares of Honeywell, Duke Energy, Merck and Mondelez, a multinational food and beverage conglomerate.
The data showed that
Millennials and Gen - Xers, who grew up in a less Christianized context, are,» in some cases, up to eight
times more likely to accept these views
than Boomers and Elders».
At the same
time,
Millennials are no less convinced
than their elders that there are absolute standards of right and wrong.
Millennials are four
times more likely
than baby boomers to select a bottle of wine based on its label, the survey showed.
At the same
time,
millennials are much more inclined to trust on - pack certifications
than older consumers, setting them up for disappointment if the USDA's organic certification program is eventually shown to have as many holes as Swiss cheese.
Next to the rest of the NFL, Tebow is Paris Hilton, Glenn Beck, Snooki, and every other
Millennial celebrity that's a thousand
times more rich and famous
than he should be.
As
times change, so do parenting choices, and
Millennial moms are parenting differently
than their parents, just like their parents were different
than theirs, and so on and so forth.
It may not make sense, given that 46 % of
Millennial parents in the 2010's are both in the workforce, vs. 31 % in 1970, but
Millennials spend more
time than any previous generation with their children.
If
millennials and their employers can manage to smooth the way, say experts, we can expect great things from Gen Y. «For the first
time in employment history, the youngest generation knows more...
than their parents and their grandparents put together,» Henry says.