Millennials: Characteristics and Traits

Millennials

• Pew Research declared in 2018 that the the label millennial can only be used for those born between the years 1981 and 1996.
• Compared to other generations, millennials tend to shape their identities through confidence and open mindedness.
• Millennials are diverse in terms of their ethical and racial perspectives.
• Millennials are generally less religious or spiritual.
• It is noted that millennials are the most educated generation.
• Millennial's minds developed through electronics.
• Millennials strongly believe in the idea of "follow your dreams"
• Millennials are generally more optimistic.
• Millennials, however, are experiencing a fading sense of confidence.
• Millennials experienced educational institutions with a specific field of study.
• Millennials, are considered lazy.
• It is seen as lucky if a millennial can finish post-secondary education.
• Only 9% of the Silent Generation finished and graduated college, which took at least four years
• It was recorded that the number of millennial women completed their education increased by 36% at the same age.
• Generally, women who have finished a bachelor's degree are 7% more than men in the millennial generation from the ages of 21 to 36.
• Women in college outnumbered men in Generation X with a 3% advantage amount the millennial women.
• In 1965, 58% of the Silent Generation women were not in the labor force.
• 71% of millennial women are employed while 26% are not in the labor force.
• Marriage is three times less likely for millennials.
• In 2017, the average age for millennial females to marry was 27, while for males it was 29. -Reasons for millennials not getting married were varied, including:
  • Issues of not being financially prepared (29%)
  • The feeling they have not found their special someone with their desired qualities (26%)
  • Some millennials stated that they are not ready to settle down at such a young age (26%)
• Birth rates between women in their 20s and 30s dropped 15% from 2007 to 2012.

New Technology

• Any set of progress in techniques which offers significant help over the technology
• New technology can be attributed as a new invention.
• New technology can be an innovation of a previous work.
• Millennials use cell phones, laptops and tablets as they control social media.
• New and advanced technology is disguised as a fashion trend.
• Social media is a practice is made to be addictive.
• Millennials are good multi-taskers, allowing them to simultaneously work on school assignments on their computer.
• Millennials do research at their tablets while taking notes.
• Millennials, while watching television, chat or text friends on Facebook from their phones or laptops.
• Facebook is a most influential platform for social media and business matters.
• Facebook has gained nearly 2 billion active users daily.
• Facebook is the largest platform for social media with the most diverse audience.
• When an individual gets a notification from social media, it will make them feel good.
• The exact same chemical that makes people feel good when they smoke and drink, is the feeling they obtain from social media.
• Selfitis is where there is obsessive compulsion to take photos of oneself and post them to counteract lack of self-esteem and to fill a gap in intimacy.
• Higher rates of depression can be experienced by people who spend more time on social media.
• Imbalance of social media spending and being productive for the day, occurs
• Significant roles of social media:
  • Helps businesses to facilitate communication with customers.
  • Collects information from the customer to focus on the marketing efforts and research.
  • Enables the merging of social interactions on e-commerce sites
  • Promotes products and services according to targeted distribution
  • Provides exclusive sales and coupons to would-be customers
  • Builds customer relationship through loyalty programs linked to social media
• Transportation has been made easier with commuting.
• There are transportation applications for managing bus transports.
• You're able to use cab over your smartphones with the use of Grab.
• Radios are no longer used by the majority of people due to the popularity of mobile phones, computers, and even a video conferencing tools.
• Most people use Social media as a tool for communicating and interacting because of its many benefits.
• Landlines are barely used.
• Most people use messengers and Skype.
• Learning and studying already happens online through your computer.
• All brains are good if replaced and supplemented with artificial intelligence.
• Every click we make in everyday that we surf the web, Google and other companies collect information and feed advertisements.
• Internet use has made the general population lazy.
• Google Chrome is designed to be fast and simple and free.
• Google analytics is designed to provide an enormous amount of information for free.
• Google has a huge commercial side- creating advertising on websites.

Overview of New Technological Development

• Technology has changed the methods of communication.
• Health care services and technology in checkups today are more developed compared to previous generations.
• New technologies will grow rapidly due to technological progress.
• Advancement of technology will occur due to people's dissatisfaction.
• Some of the best schools were built but located too far from some students homes

Artificial Intelligence

• The replication of machine's intellect and human intelligence
• Characteristics:
  • Expertise on systems
  • Speech recognition
  • Machine vision
• Weak AI includes Siri.

3D Printing

• 3D printing is correspondingly known as additive manufacturing because printing in 3D does not let it eliminate materials, in fact it adds more of it sheet after sheet.
• Communications utilize telephones and cellular phones.
• With technology the necessity to go to the bank to pay bills or send and receive money is minimized
• In entertainment, 2 million smartphones being are sold every day.
• 3.2 billion people are active internet users.
• Countless consoles and platforms exist for entertainment.
• You watch favorite movies or series on your television and/ or internet
• Content can be watched through YouTube and Netflix.
• DVD usage has increased in the US from 1999 to 2006.
• Older generations may be viewed as luckier:
  • They were born between to generations
  • Old-school, believed in hard consistent work
  • Has seen it all
  • Questions tradition/judges based on reasoning
  • They were the bridge between the industrial era and the internet age

What gen-z should know

• Three truths every gen Z should know:
  • A college degree is not enough
  • Cultivate a strong work ethic
  • You either work hard now or later
• You need a mix of a collage degree as well as additional expertise for success.
  • Areas: -Sales -Marketing -Artificial Intelligence -Data analysis