Generation Z Vs. Gen Z: Astounding In The US

Gen Z is later described as not similar to millennials but “‘more like their grandparents (or, in some cases great-grandparents)’, Mr.Howe said [who is a researcher and a social trends consultant]”(Williams). They grew up in the same kind of struggle, them with the Great Depression and Gen Z with the Great Recession.

There have been many negative characteristics associated with Millennials and the Generation Z. Some of them are that is hard for us to talk without technology, we come off as entitled, we have uncertain goals and the list goes on. While talking about negative characteristics, there has been some positive feedback on how the Generation Z perceives the

            Most homes are structured to have multiple bedrooms and multiple baths. This is very fitting for families, but is unfit for young adults just getting out of college. Most millennials have followed the trend of attending college longer than the past generations have, and after they are done they make it a goal to find a career first before settling down with children. While they are busy doing that, they usually rent apartments because a house is too big for them to live in alone, or with a significant other. Until prepared to have children, most millennials chose the renting lifestyle so that they won’t be tied down to a place in case they want to make time for travel, or their career pushes them into another part of the country. Buying a house symbolizes settling down in an area and often means that the couple is prepared to have children. However it is not a priority until college is completed and a career is established, meaning purchasing a house doesn’t typically happen until people are in or close to their thirties.

Millennials tend to be more independently driven people. We live in a generation where who you are and what you stand for is a big portion of how you live your life, and more and more people are standing up and talking about what they believe in. This independence that we have plays a part in buying a home too. There are a lot of up and coming adults who are fresh out of college looking for a “bachelor pad” type home to get started. These single apartment and condo type homes are what people prefer because it gives them a sense of independence and in a way power because they have this sense of control. People want to live by themselves and have control of their space and I can say that from a personal aspect. I am currently a junior in college and I live in a 3-bedroom apartment with one other person. My roommate lives with her boyfriend most of the time, and I prefer it this way. I like being in control of the space and being able to do

However, the author of this article seemed to want to focus on the negative aspects facing the millennial generation. This generation is not the only one facing tremendous debt. Having a degree opens a lot of doors and grants access to higher pay. The immediate rewards are difficult to see right out of college, but in the long run, I think the millennial generation will overcome these challenges. "The U.S Department of Housing and Urban Development considers home prices affordable for families who spend up to 30 percent on housing, with the remaining 70 percent spent on food, clothing and other needs (pg.1)." The latest census done in Colorado Springs states that the median household income is $54, 228 (pg.1). Taking this information and calculating 30 percent for monthly housing allowance, this household can afford around $1,380 for housing each month. With utilities and other monthly bills associated with homeownership, I don't think 30 percent is realistic in the current housing market in Colorado Springs. One thing this article did not mention was there are government assistance programs that can help millennial afford housing. El Paso county currently has a "Turnkey Mortgage Program" (adm.elpaso.com). This program offers down payment assistance. With financial planning and savings, millennial's looking to buy houses can find a way to make things work, either by being aggressive in looking for affordable housing or budgeting to take on more

When hearing the term “generation Z” lots of different thoughts and stereotypes probably come to mind. People born in the years of 1995 to 2010 just missed the age where technology took over childhood, yet still made it to remember few historical events such as 9/11. Since the technology boom, Gen Z humans have many more resources than ever before. With the whole world ahead of them, they can go on to accomplish many things as long as they get passed the negative stereotypes. Generation Z has been labeled lazy, impatient, and entrepreneurial. Although most of the stereotypes are negative, there is some positive in this generation.

A core tenet of the American dream is home ownership. At the turn of the century, young adults were buying homes. However, since the bursting of the housing bubble and the resulting mortgage banking crash, the rate of younger Americans purchasing a home has fallen sharply. Many millenials – those born between 1981 and 1997 – want to own a home, but doing so is financially beyond their reach. Half of recent college graduates have no full-time job (Kadlec, 2014), and those that do may be described as underemployed. The increasing diversity of that demographic is positively correlated with the downward trend in personal economic health (Drew, 2015; Myers & Simmons, 2017). The worsening financial strain leads young adults to postpone marriage and family, which also reduces the need for them to own a home. In fairness, the problem faced by millenials is only a microcosm of that faced by the populace as a whole. Home ownership for the population as a whole is the lowest it has been in over 20 years (Fry & Brown, 2016).

Millennials have to contend with staying at their parent's homes, while struggling to grasp onto shrinking job opportunities (Evans 1). The constant back and forth of either being babysat or babysitting creates a sense of inability for the millennial generation to sustain their workplace while staying with their parents at home. An article by Patten and Fry asserts that the housing market trends in the United States of America further affirm that there is an increase in the number of people renting houses as opposed to the number of people owning them. The explanation that is offered to justify such trends, of increase in people renting houses, is the growth in the cost of living (Leader Publications 1). The increase in the cost of living not only lowers the amount of money being spent, but also the spending potential of many people, therefore, disabling millennials from creating major financial decisions such as home ownership. As a result, the remaining option would be to live with their parents or to seek for a rental house if a millennial wants to move out (Shwetz 1). The increase in the inflation rates further hinders both the boomers and the millennials from having access to the housing market. An increase in inflation leads to an increase in the cost of living. Additionally, an increase in inflation rates also

While there’s surely home styles that baby boomers seek out, like one-story ranches, their children, the Generation Y population, has their own set of likes when it comes to home styles. EXIT Homestead Realty Professionals in Vineland, NJ, says Generation Y home buyers are on the lookout for specific home styles that are creating a new trend in home sales, and if you’re a real estate broker, you’ll want to know what they are.

Throughout generation Z, I realize within the world how attached humans get to other humans. But personally, I believe in starting over. I believe that change is certainly a good thing. I believe that letting go is beneficial. However, I believe that moving on does not mean forgetting. Its far too often that people fall victim to things that are tearing us into pieces. Wheather it is a coping method; since often situations leave us so shattered, we as humans find it a hell of a lot easier to sweep our pieces up rather than put them back together. Even sometimes putting them back together doesn't necessarily mean finding the original pieces, but rather simply finding the "right" pieces. No matter the condition, I believe in innovation.

The Millennials have accumulated great debts coming from student loans, they’ve seen their parents lose their homes and jobs and have grown up not necessarily expecting to be better off than the Baby Boomer generation. Millennials consumer habits tend to reflect this attitude. They often prefer experiences over things and often look to downsize their lives. The fascination with “tiny homes” is the Millennials response to the housing crash during the recession. The huge gas guzzling cars are being replaced with economy cars, hybrids or electric cars.

Another significant characteristic of Gen Z is that they are the most diverse and multicultural generation ever, having been exposed to a wide array of backgrounds (Krashinsky, Susan). This diversity does not just extend toward race and culture, but also changes in conventions, such as same-sex marriages and gender equality, all, which Gen Z is accepting of (Krashinsky, Susan). In a survey conducted by J. Walter Thompson, 82 percent of Gen Z’s do not care about one’s sexual orientation, which exemplifies their mass level of acceptance and changing values (Krashinsky, Susan). What also differentiates this group is that they are more highly educated as a large percentage of Gen Z are mostly likely to graduate from college than any previous

Today millennials are seemingly unaware of the benefits of homeownership. I know this because of the lack of effort given by most of this group to do what it takes to become a homeowner. I currently work a supervisor at a debt collection agency here in Anchorage, AK. I see more and more individuals who seem to not car about bills that are in collections. A lot of younger consumers are seeming to hang up, not care or get overwhelmed by so many bills, especially medical. It’s very unfortunate when you know someone care about their bills and credit and just happens to get in binds. However, I find this is not the case with younger consumers. Paying bills are just not a priority it seems. I was born March 27,1989. For me when I was in high

Technology is not all to blame for the stereotypes about Generation Z. Despite the negative comments about Generation Z being lazy and unaware, they are not at all. In fact, because most of them are technologically inclined and virtually updated, they are not apathetic, they’re just being teenagers who were raised in a different environment. This is why there is such a thing as generations in this world. If there weren’t any changes in the world, we wouldn’t even be able to tell if a new generation has come. Every generation has its benefits for a better and more advanced living.

The most connected, classy and educated generation ever is known as Gen Z. Gen Z is part of a generation that is global, social, visual and technological. They are the teens, the tweens, the youth and the young adults of our society. A Generation is generally described through the years of birth. For example Generation Z is 1995 to 2009 and therefore if you are born within these times, you are considered a part of the Generation. Generation Z is about 2 billion of the world’s population and they don’t just characterize the future, they are creating it. Unfortunately Gen Z individuals have been brought into the world during the times of crisis, terrorism and the global downturn and climate change. However fortunately study has shown that Generation Z is assisting human resource managers in many areas such as employment, and the evolution of the work industry. Like the unfortunate era they’re living in, there is a positive turnaround where the students of today, employees and consumers of tomorrow, are experiencing the workforce for the first time and through this experience they have found and displayed new ways that human resourcing can be publically viewed. It has often been argued that Generation Z kids are irresponsible and lack discipline, however when it comes to employment, many managers have agreed that this Generation is the best.