When it comes to Generation-Y, or “millennial’s”, there seems to be a lot of confusion. No one really knows exactly when this generation started, so for the sake of my blog, I am going to say that Gen-Yer’s are individuals born between 1980 and the early 2000’s. With those parameters put in place, there are approximately 80 million people living in the United States today that make up Generation-Y. There are a lot of common perceptions about them as well. Generation-Y lacks knowledge and experience, has a poor work ethic, and lacks social skills, just to name a few.
I’m sure that many of you have heard those before, or have thought them. Don’t worry I won’t hold it against you, but I will try and prove you wrong. There has been a lot of research done to try and get a better understanding of Generation-Y, because whether you like it or not, WE are the future. After doing some of my own research, I was amazed by the generalizations that have been made about my age group.
As a result, I decide to go find facts that would debunk each of the aforementioned misconceptions placed upon my generation.
Perception: It is believed that Generation-Y lacks knowledge and experience.
Maybe that is true from a corporate stand point, but where we lack corporate experience we make up for it in our mission to be successful. My generation has been known to be very proactive, innovative, and entrepreneurial.
Perception: Generation-Y has a poor work ethic.
Nearly 2/3 of all millennial’s have full or part time jobs, and 35% of us have started our own business on the side to supplement income. This doesn’t seem like such a bad work ethic to me.
Also, it is important to keep in mind that a majority of us have entered into the work force during a time of economic hardship. Since day one we have been working from the ground up to be successful.
Nearly 75% of us have created a profile on a social networking site, and communicate daily with friends via text messaging. Just because this is different form social activity than in the past, doesn’t mean we are less social.
Here are some addition facts that I found to be very interesting about Generation-Y:
- More than 60 percent of them pay off their credit card balances in full.
- 2025, 75% of the world’s workforce will be from Generation-Y
- Generation-Y will have more spending power than any other generation.
It is clear that this is the generation of the future, so my question is Y-NOT embrace Generation-Y and what we encompass? Even though it is different, times are changing, and this generation will be in control before you know it!