The Generation Of The Millennial Generation

The Millennial generation is a time period that has been strongly influenced by the recent and upcoming changes that surround us everyday. New technology, major events and pop culture are advancements that have led to a diversity that will heavily impact the approaching generations. Currently this is a time of equality, improvement and optimism. Being a Millennial means to take risks and push boundaries for the purpose of growth in our society.

At the same time, a growing number of millennials are facing burdensome student loan debt. Rather than come out of college with pristine back-end ratios primed for a hefty mortgage, they are handcuffed by the debt that they have amassed in their early twenties. As the Pew Research Center has noted, 37 percent of people under the age of thirty have student loan debt. They contribute to the $1.3 trillion in student debt, leverage that could presumably be used for a mortgage or some other useful credit if it were not locked up already. Millennials are trying to increase their earning power by going to school so that they have the opportunity to advance economically, but it is simultaneously holding many of them back via years of extra debt—debt that is notably not going to a

Depending upon the person, the colossal amount of money already owed takes part in the financial decisions this person makes. Recently, the argument that the generation of people with all of this debt (the Millennials) and even the generation after them (X) are being affected by this debt in such a way that they are, “delaying major life milestones such as buying a home or saving for retirement…” (Chang) The meaning of this is to inform that these common milestones in life are not being reached. This stands as an important point because it will just be a continuous cycle of debt if these graduates cannot pay it off within their life time. Also, if they are not investing in their retirement--which they will eventually have to retire--there will be nothing to live off of when it comes to the time that they are no longer able to work. To counteract that, there is no proof that the college debt is what is holding these graduates back from attaining these major milestones. According to Matthews, “the problem is, there isn’t any proof that higher student loan debt is actually causing young people to own homes at lower rates than they did in the past, or that the overall student loan burden is leading to a smaller share of first-time home buyers. These trends could be cause by other factors, such as a cultural shift that has led young adults to delay all sorts of decisions, from buying a home, to marrying and having children.” (Matthews) Matthews expresses that there is no hard evidence to prove that it is the student loans that are cause the delay in the Millennials to doing such things as buying a house; it could simply just be the new “trend”. This is important in showing that there might not be a correlation between these graduates debt and buying a house (amongst other major milestones). To sum up, the debt these youngsters are in when they graduate is something that is

The Millennial Generation, born between 1977 and 2000, are the children of Baby Boomers. Mark Bauerlein says, “The 18-year-old

The average debt suffered by every 2013 college graduate was a staggering $35,200 (Roos p. 2 par 1). According to experts, this is the worst the economy has been in 80 years (Thompson, par 4). There are so many things working against the generation of today from an economical standpoint. The housing market crash of 2007-2008 took a toll on the economy as a whole, but in turn managed to affect millenials more so than any other generation. Throughout American history, every generation has had one of the same major goals; get rich quickly and be more prosperous than the generation before. Even today as the country has grown richer, Generations X and Y (people up to the age of about 50) have amassed less wealth than their parents had when they were the same age. If this is not harrowing enough, the average net worth of a person aged 29-37 has been lowered by 21% since 1983 while the average net worth of a person aged 56-64 has more than doubled since the same year. It is depressing to think that millenials will almost indefinitely suffer more instability in their retirements than their parents or even their grandparents (Lowrey, p. 2 par 5). Someone at the age of 30 in 2013 was worth 21% less than someone at the age of 30 in 1983, meanwhile the net worth of an average 60 year old in 2013 was more than twice as high as a 60 year old in 1983. In other words, young people are getting poorer as older people becoming richer

In the article, “Millennials: The Me Me Me Generation” Stein characterizes millennials as being lazy, entitled, selfish and shallow. Just how previous individuals have throughout history as he said. He also adds that millennials are narcissistic and fame-obsessed. Millennials are different from members of the other generations by quite a few examples. Like having computers to help with algebra instead of using their heads. Millennials worldwide are similar due to social media and globalization. However, not as similar to older generations. Stein said, millennials perceive entitlement and adapt to the world. He also discusses how we can connect with others internationally and no longer need to marry someone from our high school, but could be

The millennial generation is defined as the generation of children born between 1980 and 2000. This is the generation of young men and women fully committing themselves to personal aspirations. Time Magazine published an article titled “Millennials: the Me Me Me Generation,” which claimed millennials are lazy, self-entitled, self-obsessed narcissists. Yet, millennials are also known for being realistic.

Millennials are individuals who were born during 1982 through 2004, ages 18-34 years old. These individuals are considered to be the “largest generation in the United States with 75 million individuals belonging to this generation”

A millennial is generally defined as any person born between the early 1980s and late 1990s. This generation is defined by the advent and widespread use of technology such as the internet, mobile phones, and computers. While all these new creations have for the most part been a great benefactor to the Millennial generation, they could also be hurting this generation’s development and self esteem. With such universal access to the internet due to devices such as computers and mobile phones, millennials can be put down emotionally and are pressured to meet unrealistic standards in the workplace, in school, and at home. Millennials fall victim to these pressures more so than any previous generation. Social media tends to makes this generation

This is generally due to the economic boom they were born into, which transitioned into a recession that still continues. This rise and fall of the economy has caused unemployment rates to increase (Lynette, 2015). While dealing with finding jobs, many millennials are also dealing with the problem of high student debt. In comparison to previous generations, more young adults are taking on school loans to pay for their education. According to Berridge’s research since 2005 the educational debt of Americans under age 30 has increased from about $13,000 to $21,000. While every other type of debt decreased among the general population since the recession began, student debt has increased; by 2012, it totaled more than $1 trillion. It is pretty obvious that good education offers better future and higher salaries, however at the same time it slows down the housing market (Berridge, 2014). This generation has a bad credit score history or they don’t even have one. Reports show that 16% of the young adults in America did not use credit cards; it is almost half of what is used to be in 2007. In the USA it is vital to have a good credit score, otherwise it will be impossible to buy a

So how many Millennials are unemployed or in debt? Statistically speaking, just teenagers alone have the lowest unemployment rate since data was first collected, which goes back to 1948 (Grant). Another statistic shows that Millennials are at a 55.3% unemployment rate, and one fifth of young adults currently live in poverty (Bass). This is the result of two different factors: circumstances and their own self-infliction. Many Millennials graduated college in the midst of the

The millennial generation’s “sensitivity” has been the pinpoint of many jokes and is also escalating in daily discussion. We live in and day in age where people can’t express opinions without some millennial feigning outrage in social media, needing a “safe space” to hide, marching in caricatures of female genitalia, and even rioting to suppress opposing views while promoting their own. Such millennial behavior is grossly hypocritical in a country established on the freedom of speech. Millennials favorite topics to rage against are race, religion, immigration, gender, values, and even bathrooms. Rage is fashionable with this generation. Growing up, we were awarded for simply trying, which depleted our ability to build inner strength and character. This may be attributable to our sensitivity now-a-days. As a 20-year-old millennial, I fall right into this group of people I am criticizing. I am embarrassed and humiliated, not offended – and yes, there is a difference. Millennials are the sensitive generation, not because of sincerity, but because of our entitled mentality.

Every generation has unique characteristics, attitudes, values, and beliefs which influence how they view the world. Significant life events that occur at critical stages of development can also influence and shape each generation. Homelanders, Digital Natives, iGeneration, Plurals, and Generation Z are all names associated with the newest generation. Although there is some debate about when the millennial generation ended and this new generation began, most researchers agree with a mid to late 1990’s start. For the purposes of this study, this generation will be referred to as Generation Z (Gen Z), born between 1995 and 2012 (Stillman & Stillman, 2017). Significant events that have shaped and influenced this generation are terrorism, economic recession, racial unrest, global competition, and social and ideological pluralism (Elmore, 2015) (White, 2017).

In the Times Magazine article The Me Me Me Generation, author Joel Stein discusses what makes the Millennial Generation unique. Stein uses facts and experts to discuss how millennials are different compared to any other previous generation. Millennials are becoming one of the largest and most influential generation. They grew up in the age of new technology and the effects of their parents’ teaching cause this generation to be confident and smell of entitlement.

As the millennial generation is starting to join the workforce and positions of power many are concerned that they’re ill equipped and ready for having power in a business or even government. Although some readily criticize millennials for being too reliant on their phones, lazy and ignorant. They fail to consider the intelligence, innovative traits, and technological knowledge. However, most of us can agree that laziness and lack of manners remains an issue that must be considered. Ultimately, if the millennial generation begins to make a change to the little things that gives them their bad reputation and become more optimistic about the future, then we could be the most innovative, important, and impactful generation yet.