Millennials are called entitled, selfish, demanding, and many other negative things. However, all these things are not necessarily true and are definitely not true for all of them. To help you understand them a bit better, here are a few facts.
Many of them still live at home – Approximately a third of the people aged between 18 and 34 still live with their parents. According to the experts, this is due to the high cost of housing and the lower income they receive. Many of the millennials who live on their own, spend about half their salary paying for rent.
They make up a large part of the workforce – It is estimated that 30% of the millennials are in management positions. They make up a large part of the workforce and have overtaken the number of Generation X-ers who are present in the workforce.
They earn 20% less than their parents did – People between the ages of 24 and 36 are making approximately $10 000 less than their parents did when they were the same age.
They are very charitable – Despite the fact that most people believe them to be very selfish, the Gen Y kids are the most charitable compared to previous generations. Many donate regularly to charities or give their time and talents to important causes.
They know how to save for retirement – Millennials have more debt than the generation before them. However, they are well-educated on saving for retirement and are doing so at almost the same rate as their parents did.
They care about the environment – The millennials are more concerned about climate change and living green than they are about any other global issue.
They are more inclined to disconnect than others – The generation that grew up with the internet and is addicted to their phones, seem to be more willing to disconnect when they go on vacation.
Stereotypes don’t depict the millennials correctly and we should pay more attention to the good they do and the circumstances they are in. They may just be the best thing to happen to the world.
