Connect with us

Economy

Why We’re Wrong About Millennials

Avatar

Published

on

Businesses spend millions of dollars trying to understand them. News outlets write thousands of articles about them. And the public thinks they’re pampered phone-addicts that live in their parents’ house.

Millennials.

What are millennials anyway? There are a few ways to define this age group, but for clarity’s sake, we will define the term as Pew Research does. According to their chart, millennials were born between 1981 and 1996.

The world is fascinated by this demographic. Here’s a spattering of popular content about millennials:

In 2016, Inside Quest interviewed Simon Sinek about millennials and the video went viral with 11 million+ views. In it, he says millennials are lazy, narcissistic, entitled, and addicted to their phones.

A lot of people agreed with his views, but are these opinions a fair understanding?

This article seeks to explain why some stereotypes about millennials are inaccurate. Consider these thoughts on why we may be wrong about millennials:

Opinions about millennials are similar to every generation in history

Popular opinions about millennials include:

  • They’re pampered and spoiled
  • They won’t work hard and expect to be rewarded
  • They’re given everything, yet complain endlessly

But here’s the thing – adults have been saying this is about younger generations for centuries. Compare these quotes from the past and our current century:millennial_chart

Amazingly, people complained about young baby boomers the same way baby boomers complain about millennials. And you know what? When millennials get older, I bet they’ll complain about the younger generation the same way too.

This historical pattern reveals that millennials are not unique in these regards. In the 1950s, young people were apparently “pampered” by technology and preferred busses over walking.

In the 1990s, they said that the younger Generation X lived better than the previous generation but complained about life more.

Even 2000+ years ago, Aristotle said the youthful thought they knew everything and were insolent.

Sound familiar?

Are only millennials pampered complainers? Or are they just like every other generation of humans? The more logical conclusion is…

People change as they get older

If people progress properly, they become wiser and more experienced as they age. It’s natural for the older to view the younger as foolish and inexperienced.

Our older selves are significantly different than our younger selves. We should apply a similar grace to millennials. They will grow and mature as previous generations did.

Opinions on millennials downplay external factors

This is a frustrating injustice that all of us have experienced – being blamed for something that was beyond our control. There may be certain trends among millennials, but how much is due to circumstances they grew up in?

A few condemning stereotypes about millennials conveniently overlook external factors that were beyond their control. Here are two examples:

Tech advancement coincided with millennials’ coming of age

Have you heard that millennials are screen-centered, phone-addicted slaves to technology? Well, it’s partly true.

A study by Akademiai revealed female college students spend 10 hours a day on their phones and male college students spend 8 hours a day on their phones.

Part of this phenomenon has to do with recent technological advancements. Common in-person activities have evolved into online activities. For example, you can use your phone to…

  • Do banking
  • Email, text, photography, and video
  • Network on social media
  • Apply for jobs
  • Order food
  • Listen to music
  • Find a date
  • Research questions
  • Use handy tools like a calculator, dictionary, stopwatch, alarm, or notebook
  • Watch a how-to video

When you consider these developments it’s natural to conclude that people will be on their phones more, especially individuals who grew up with access to mobile devices.

If there’s a broken copy machine at work, someone is bound to watch a how-to video on their phone. If it’s ten minutes before lunch, someone will most likely order pizza through an app. Where employees used to play the radio while working, now they will opt to stream music on their phones.

Do people goof off on their phones? Absolutely. But not all phone usage is bad. It seems like millennials are ruthlessly thrashed for using their phones. Sometimes they’re just following a map app to a new location or reading current events.

Don’t forget about the ‘08 recession

Another common stereotype about millennials is that they do not work hard and are financially irresponsible. They live with their parents into late adulthood, spend too much on avocado toast, and have tons of student loans.

A study by Urban Institution revealed that millennials are less likely to be wealthy compared to previous generations at their age.

But is the financial state of millennials due to incompetence and poor work ethic? Research tells a different story. According to a U.S Travel Association survey, millennials are workaholics.

They surveyed 5,000 full-time employees and found millennials are more likely to forfeit vacation days than other age groups. Millennials were also more likely to agree with these statements:

  • “I want to show complete dedication to my company and job.”
  • “I don’t want others to think I am replaceable.”
  • “I feel guilty for using my paid time off.”

In other words, millennials are working hard, but they’re not making as much money.

When we combine these two studies, poor work ethic isn’t the issue affecting millennial wealth. The more likely conclusion is the poor state of the economy.

Thousands of millennials graduated college with huge student loans only to enter an American workforce shattered by a real estate bubble.

Investments were lost. Homes were foreclosed. In the months after the bubble burst, unemployment peaked at 10%.

With the rising cost of real estate and stricter lending standards, it’s no wonder that millennials are less likely to own a home than previous generations.

Opinions on millennials are rarely based on evidence and data

There’s a lot of talk about millennials, but it’s rarely based on evidence and data. A prime example is IQ’s interview with Simon Sinek, which was earlier cited. In this 15 minute video, Sinek doesn’t reference a single source for his opinions.

While Sinek has interaction with millennials, his experience is a tiny fragment of a huge demographic.

And he’s not the only one. There are some silly articles out there that are just baseless in their claims:

There’s tons of talk and ink spilled about millennials, but there isn’t a lot of solid, reliable information out there.

What’s worse is that readers have some experiences with millennials that match these theories and conclude, “Oh wow, that information was true.”

Eventually, so many people buy into these claims that readers suffer from groupthink. If the majority believes millennials are filling the void of their heart with houseplants, well then it must be true.

We need fewer stereotypes and more research

Jokes are good from time to time and every civilized society needs humor, but many of these stereotypes don’t accurately portray millennials. Just because content goes viral and a lot of people believe it, doesn’t mean it’s true.
To properly understand millennials, we need to actually study them and produce informed opinions based on research. Good places to start are Pew Research and Census.gov. You can also conduct your own surveys with SurveyHero.

Not only is this approach more ethical than rehashing stereotypes, but it will also help us navigate familial and business relationships. Millennials will be less misunderstood, and we will understand them better.

Click to comment

Leave a Reply

Your email address will not be published.

Continue Reading

Subscribe To Our Newsletter:

Free T-Shirt

Copyright © 2020 The Capitalist. his copyrighted material may not be republished without express permission. The information presented here is for general educational purposes only. MATERIAL CONNECTION DISCLOSURE: You should assume that this website has an affiliate relationship and/or another material connection to the persons or businesses mentioned in or linked to from this page and may receive commissions from purchases you make on subsequent web sites. You should not rely solely on information contained in this email to evaluate the product or service being endorsed. Always exercise due diligence before purchasing any product or service. This website contains advertisements.

[email]
[email]