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The Millennial Generation is the generation born after Generation X, ranging from 1981-2000, and represents approximately 83 million people. Millennials were referred to as the 9/11 Generation by Newsweek referring to 10 to 20 year olds that experienced this tragedy. A Pew Research Report, in March 2014, concluded that Millennials (49%) were more upbeat than older generations on America’s future, despite having higher unemployment and student loan debt. Millennials were particularly affected by the Great Recession in the late 2000’s as youth unemployment reached record highs of 19.1%. By 2012 it was reported that 50% of new college graduates remained unemployed or underemployed as the economic recovery has been generationally inconsistent. Yet, 90% of Millennials surveyed by Pew Research said they currently have enough money or that they will eventually reach their long term goals. They have been described as optimistic, engaged and team players who are seeking a more innovative work environment with versatility, flexibility and a strong work-life balance. Millennials have continued the computer revolution passed down from Gen X with 97% owning a computer and 94% owning mobile phone. One of the most popular forms of media use is social networking which is re-defining how we connect both personally and professionally. As Baby Boomers exit the workforce, Millennials are expected to fill this demographic shift with their optimism and continued leadership in the digital age.
Source: http://www.pewsocialtrends.org/2014/03/07/millennials-in-adulthood/ https://en.wikipedia.org/wiki/Millennials