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The Millennial Generation And Their Present Situation


While termed as Generation Y and the "echo boomers" much of this population prefers to be known as the name that they gave to themselves: the millennial generation. This class is commonly defined as those born from around 1980 until the end of the century. They grow up in the new 21st century and this is how they get their name. A number of people in the millennial generation also want to distinguish themselves evidently from Generation X.

The millennial generation is frequently named the echo boomers since they are also the result of a baby boom. While there is disagreement about accurately how many years to mark as part of this generation, the millennials will number somewhere between 76 million and 80 million that makes them the same size as the baby boomers if not a little larger. Just like the baby boomers, a group this large cannot help but have a significant impact on all phases of life in The USA.

Although the baby boomers were the product of postwar prosperity and the Cold War and the Space Race, this millennial generation is the product of a more unstable economy and the age of computers and digital technology. Baby boomers were to adapt to rapidly growing technologies and use them while this newer generation was immersed in the computer age almost from birth. They do not really know a world without mobiles and personal computers and the web.

This millennial or Y generation is likely to come from a family having a working mother and to come from a divorced family. Rapidly advancing technologies also indicate that many jobs get obsolete and ongoing education and teaching is absolutely important. While their parents and grandparents commonly wanted to keep a job for decades if not their entire career, this is not the scenario.

Not only is the millennial generation more prone to change jobs many times in their working times, they are likely to change the entire direction of their careers to find a match in an increasingly tight job market. A college degree is not anymore a guarantee of a quick hire and a decent paying position and underemployment as well as unemployment is a grave concern for this demographic.

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