Statistics are fun and interesting, but what’s the point of this information? Understanding what the largest group in the population wants is crucial to finding success in business. While these statements could be said for individuals in any generation, the millennial generation has an overwhelming amount of people that feel the truth of these statements, especially given that the group accounts for nearly 25% of the population. It simply means that a good number of the generation fits those descriptors.Ĭonsider some statistics regarding millennials: almost half of the generation are influenced to purchase a product if it is for a good cause, 56% are most usually the first to try new technology and 69% desire adventure. Given that millennials are anywhere from 22 to 38 years old at this current moment in time, it is safe to assume that not all people in this generation fit those generalizations. Recent headlines indicate that the majority of millennials find importance in voting and taking part in politics, are more educated, slower in developing their own households than previous generations, and are the largest group in the workforce. These qualities, however, in no way define the entire population of the generation. While these few attributes are just a few of the many qualities most millennials possess, they are frequent punchlines in social media memes and jokes. The generation is known for their technology use and understanding, extreme love of avocado, and an absurd amount of student loan debt. Pew Research continues to study millennials and trends stemming from the generation. The term was coined because the generation in question remembers growing up in the new millennium, the year 2000. Although these two are credited for coining the term “millennials,” most follow the years outlined by Pew Research. Niel Howe and William Strauss defined millennials as those born between 19. This span of birth years was defined as the millennials’ time by Pew Research Center. There are very few people living today that are unfamiliar with the term “millennials.” Although different sources claim different birth years, most attribute the years 1981 to 1996 as the years that millennials were born. Analysis of the two terms and the claims made in regard to each will allow for a more clarified conclusion. What is it that makes some say they are the same and one or two others claim they are not? Simply put, generations are not defined by any one official party. However, even with this distinction, a few sources claim that the groups are two entirely different entities. 5 Key Differences Between Millennials And Generation X
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