Top 10 Characteristics of the Typical Millennial (18-30 Years Old)
If you are wondering whether you are one of this almighty generation, the following list may help you. You are a typical millennial if you:
1…ARE IN DEBT
A new Experian Consumer Services survey conducted last January 2014 indicates that most of millennials are accustomed to cosigning and have already asked the assistance of a cosigner. Particularly, the majority of them has asked their parents to cosign on their behalf. Moreover, 35% of them have applied for college loans. This figure is supported by the findings of the Institute of Politics (IOP) which reported that 58% of 2012 college graduates have student debt. The next priorities are residential leases, car loans, and legalities on credit cards. Indeed, society has become more and more dependent on credit.
Silver Lining: Fortunately, the survey also resulted to a favorable standing regarding the respondents’ accountability since the percentage of late payments only resulted to 8%. In addition, being in debt due to a noble cause such as schooling is not that bad. After all, education as what they say costs money, but then, so does ignorance.
2…BELIEVE THAT MONEY CANNOT REALLY BUY HAPPINESS
Sixty-two percent of 18 to 30-year-olds prioritize investing more time in intrinsically motivating pathways rather than money-motivated jobs. The study completed by Monster Worldwide specifically concluded that if dough wasn’t much of a concern, 42% of them would choose thriving in altruistic pursuits. Fifteen percent of them wanted to be teachers while 13% looked into being artists. Only 13% admitted being interested in jobs that actually make money while 9% sought to be inventors. Five percent of the population is embodying the cliché, “stop and smell the roses” since they acknowledged that they were still unsure of what they wanted to do. Meanwhile, the least of the population at 4% dreamt of being athletes.
The survey greatly exudes the optimism of our human nature. It is comforting to know that most of us value passion, altruism, and humanitarian quests rather than earthly riches…at least, when given a chance.
3…ARE LIVING WITH YOUR PARENTS
In 2012, as many as 21.6 Million young adults were living in their parents’ homes. As compared to baby boomers, millennials are more likely to stay under the same roof with their folks. The analysis of the US Census Bureau data by Pew Research testified that this is so far the highest figure in at least 40 years. Of the 36% Millennials who share the same home addresses with their folks, most of them are males (40%), have entered college (43%), not in the labor force (50%), and aged 18-24 (56%).
What is to blame? The “recession”. The economic decline’s domino effect makes it grim for young adults to leave the nest since it entails more financial responsibilities. Apparently, this financial crisis seems to affect marital status. Based on a Gallup Survey, 75% of adults aged 24 to 34 who live at home with their parents are single. Whereas, merely 35% of the same age bracket who live independently are single (link 5). The 40-point-difference is a screaming evidence of how money can definitely make the world go round.
Silver Lining: Aside from not worrying about the rent and having someone to cook for you, living with your parents has several priceless advantages such as more frequent opportunities of strengthening the domestic bond. The stable social support is also beneficial in facing adverse life events. Doesn’t it feel good to have some “family” to go home to at the end of the day?
4…ARE EXPECTED TO ENTER THE BEST YEARS OF THEIR LIVES
According to the most experienced Americans, your 30-some years are the most awesome ones of your existence! A current research by United Healthcare concluded that most senior citizens aged 65 as well as 100 and above asserted that the fondest of their memories happened in their 30s. This seems to be an optimistic finding since the centenarians’ lives in the 1940s faced war and the Great Depression. If they thought that life then was great, how much more for the current decade? As for the baby boomers, America in the 1980s was certainly grand due to economic liberation, technological advancement, and several independence movements. However, it should be noted that the study dealt with a small sample of 104 centenarians and 302 65-year-olds. The point is, much of your 30s will be up to you. If both the centenarians amidst economic distress and the baby boomers amidst progress felt grand, then it all boils down to perspectives. Life is what you make it!
5…WOULD DIE WITHOUT INTERNET
A new Cisco World Technology survey revealed that 18 to 30-year-olds claim internet to be a basic need. A survey from 14 countries testified that more than 50% regards online networking as on par with water, food, and shelter. More specifically, 40% of those who are aged 18 to 23 responded that the web is more crucial than friends, dating, and music. As for those who are aged 24 to 30, 70% of them has friended their superiors or coworkers on Facebook. Interestingly, merely 23% of the respondents in the United States are FB friends with their colleagues or supervisors. This implies that most Americans prefer to separate their personal lives from work. Indeed, it would be unwise for your supervisor to be able catch a glimpse of your selfies with your pals when you have just filed for a sick leave.
Silver Lining: If you are reading this article, you are very much aware of the hundreds of benefits that internet has to offer such as information, communication, entertainment, self-development, socialization, employment, and a lot more. As responsible netizens, we can surely harness quality online relationships, investments, and other excellent outputs.
6… DISAPPROVE OF OBAMACARE
According to the Institute of Politics, Harvard University, 41% of 18-29 year olds who are presently not health-insured are still undecided whether they would sign up for Obamacare. Sixteen percent stated that they would “probably” enroll and only 13% reported that will “definitely” enroll. Many of America’s young adults feel safer if they were not protected by the Affordable Care Act.
With the youth’s disapproval of the president’s signature health care law (in addition to the controversy regarding the National Security Agency surveillance programs), only 46% of the prime-age group would like to vote Obama again. This is a significant decrease as compared to Obama’s 55-percent-popularity among millennials in 2012.
Silver Lining: The rising generation’s boldness in being critical regarding regulations and related national issues is a spark of their political engagement. After all, they are entitled to have much say on the matter since they are expected to bear America’s gigantic debt.
7…AN UNEPENDABLE EMPLOYEE
A number of surveys have revealed that most managers complain of the current young workers’ undependability. Employers say that they do not exhibit ideal attitudes in the workplace. Moreover, they are branded as unmotivated, irresponsible, impatient, and disloyal. To top it off, millennials are likewise deemed as requiring frequent affirmations as well as demanding immediate promotions. Though there seems to be an indolence contagion, this trait is not that particular among today’s youngsters. It appears they mirror their parents’ generation. Actually, previous generations were likewise rated to be unreliable employees. This is simply how the old usually view the young. Moreover, it is just natural for young fresh graduates to be in a hurry, easily distracted, and ambitious.
Silver Lining: Since the laziness-behavior-pattern has been established, the future-conscientiousness-pattern should likewise be pretty much guaranteed. Like their older counterparts, millennials will be more focused, loyal, responsible, and productive. As what Emerson said, “The years teach much which the days never knew”.
8…ARE AN ATHEIST OR AGNOSTIC (ERGO … A DEMOCRAT?)
The inclination of 18-30 year olds to have no religion has been rising over the past decades. The 2012 General Social Survey (GSS) established that 30.9 % of Millennials prefer to be not identified with any denomination. This percentage is followed by 29.5% of protestants, 27.3 % Catholics, 11.2% other kinds of religion, and 1.1 % Jewish. According to GSS, this trend has constantly been increasing. In 1972, only 5% ticked “no religion” which slightly increased in 1990 at 8%. Since 1990, Americans who claim to be non-believers have sharply risen.
Does this fact then imply that most US citizens are democrats? As a matter of fact, 27% of Millenials claims to be Democrats while 17% identifies with Republicans (Pew Research Center, 2014). Since religion has been known to dictate political party identification, this news may certainly cause republicans to look for more persuasive ways. However, a recent survey found out that half of young adults choose not to choose to be affiliated with any political party. According to Pew Research Center Analysis, their political non-concomitance transcends other aspects of their existence such as religion (as mentioned above) and relationships.
Silver Lining: Religion cannot save you. Hence, it is better to have no denomination than professing to have one that does not really reflect your convictions. Typical juveniles would like to show their independence (or rebellion) by not adhering to religious etiquettes since they may be perceived as confining. Thus, they are likely to find their genuine religious path in good time.
9...VALUE ONLINE REVIEWS
Eight out of 10 Millennials worldwide perceive reviews as quite substantial. This is then another proof that weighty connections are done via social media. This generation thinks that it is smarter to seek consumer-related-counsel from people who have actually tried the product than from orchestrated ads. In fact, Webcredible informed that 29% of consumers are valuably encouraged by positive online reviews, hence, edging them to book a holiday. Moreover, as many as 62% of customers read reviews online (Lightspeed Research). Plus, reviews are beneficial to companies since online feedbacks help drive more traffic to a website.
As people who essentially feel that they belong to an online community, testimonies from the web are appraised with much importance. The personal recommendations are quite useful in narrowing down what to buy, who to hire, where to go, when to take action, and how to proceed. Nowadays, online reviews are the fastest and most comprehensive word-of-mouth endorsements available.
10...MIX BUSINESS WITH PLEASURE
Most Millennials (62%) have prolonged business trips to accommodate their personal leisure objectives (Link 12). Apparently, 18 to 30-year-olds feel more comfortable spending their company’s budget. Harris Interactive reported that most of the junior employees order room service, fancy expensive meals, and take advantage of flight upgrades. Airlines, hotels, and booking agencies are now more likely to pay close attention to enticing and pleasing the most lucrative business trippers. For instance, airline corporations are now looking into utilizing high-tech customization programs for marketing purposes. Client information such as age, status, and religion will assist in generating optimum recommendations for respective individuals. Thus, once a company detects a millennial consumer, recommendations of extended flights, alcoholic drinks, and classy upgrades are more likely to ensue.
Silver Lining: With the right mix, business and pleasure may productively intertwine. As long as the right time, place, and amount is observed, yuppies can be more productive. A satisfied worker equates to a generating company; therefore, everybody wins!