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What Is a Millennial OR

What Is a Millennial OR

What Is a Millennial

Millennials are born between 1984 and 2002. They are the first generation of digital natives and the generation that is just beginning to come into its own. By 2020, the millennial generation will be 75 million strong and the largest generation in U.S. history. They are big spenders, tech-savvy, and their college-educated parents are footing the bill. Millennials are also among the most diverse and urban generations yet.

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Generational cutoff points aren’t an exact science. They should be viewed primarily as tools, allowing for the kinds of analyses detailed above. But their boundaries are not arbitrary. Generations are often considered by their span, but again there is no agreed upon formula for how long that span should be. At 16 years (1981 to 1996), our working definition of Millennials is equivalent in age span to their preceding generation, Generation X (born between 1965 and 1980). By this definition, both are shorter than the span of the Baby Boomers (19 years) – the only generation officially designated by the U.S. Census Bureau, based on the famous surge in post-WWII births in 1946 and a significant decline in birthrates after 1964. In this progression, what is unique for Generation Z is that all of the above have been part of their lives from the start. The iPhone launched in 2007, when the oldest Gen Zers were 10. By the time they were in their teens, the primary means by which young Americans connected with the web was through mobile devices, WiFi and high-bandwidth cellular service. Social media, constant connectivity and on-demand entertainment and communication are innovations Millennials adapted to as they came of age. For those born after 1996, these are largely assumed.

It was discovered that millennials are less likely to strongly identify with the generational term when compared to Generation X or the baby boomers, with only 40% of those born between 1981 and 1997 identifying as millennials. Among older millennials, those born 1981–1988, Pew Research found that 43% personally identified as members of the older demographic cohort, Generation X, while only 35% identified as millennials. Among younger millennials (born 1989–1997), generational identity was not much stronger, with only 45% personally identifying as millennials. It was also found that millennials chose most often to define themselves with more negative terms such as self-absorbed, wasteful, or greedy. (Source: en.wikipedia.org)

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Italy is a country where the problem of an aging population is especially acute. The fertility rate dropped from about four in the 1960s down to 1.2 in the 2010s. This is not because young Italians do not want to procreate. Quite the contrary, having many children is an Italian ideal. But its economy has been floundering since the Great Recession of 2007–08, with the youth unemployment rate at a staggering 35% in 2019. Many Italians have moved abroad—150,000 did in 2018—and many are young people pursuing educational and economic opportunities. With the plunge in the number of births each year, the Italian population is expected to decline in the next five years. Moreover, the Baby Boomers are retiring in large numbers, and their numbers eclipse those of the young people taking care of them. Only Japan has an age structure more tilted towards the elderly.

By the mid-1980s, most immigrants originated from Asia and Latin America. Some were refugees from Vietnam, Cuba, Haiti, and other parts of the Americas while others came illegally by crossing the long and largely undefended U.S.-Mexican border. Although Congress offered amnesty to "undocumented immigrants" who had been in the country for a long time and attempted to penalize employers who recruited them, their influx continued. At the same time, the postwar baby boom and subsequently falling fertility rate seemed to jeopardize America's social security system as the Baby Boomers retire in the twenty-first century. (Source: en.wikipedia.org)

 

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