write down in your notebook the misconception of people to the millennial in this 21st century era
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For decades, everything in America seemed to revolve around the baby boomers. Born in the post-World War II era of 1946 to 1964, and 76 million strong, they influenced everything from politics and economics to art and pop culture. That's a lot of people – one-fourth of the U.S. population, to be exact. But a much larger generation has now eclipsed the baby boomers – the millennials [sources: Fry, Pollard and Scommegna].
Depending on which source you use, millennials, aka Generation Y, are defined as those who were born between 1981 and 1997, or even 1980 and 2004 [sources: Fry, White House]. Using the latter definition, they represented one-third of the total U.S. population in 2013 and are poised to leave as big an imprint on America's economy and society as the boomers have. Millennials are a distinctive generation in many ways. Thanks to an uptick in immigration, they're the most diverse generation to date, with 42 percent identifying as a race or ethnicity that's not non-Hispanic white. They're also the most educated, with 61 percent having attended For decades, everything in America seemed to revolve around the baby boomers. Born in the post-World War II era of 1946 to 1964, and 76 million strong, they influenced everything from politics and economics to art and pop culture. That's a lot of people – one-fourth of the U.S. population, to be exact. But a much larger generation has now eclipsed the baby boomers – the millennials [sources: Fry, Pollard and Scommegna].
Depending on which source you use, millennials, aka Generation Y, are defined as those who were born between 1981 and 1997, or even 1980 and 2004 [sources: Fry, White House]. Using the latter definition, they represented one-third of the total U.S. population in 2013 and are poised to leave as big an imprint on America's economy and society as the boomers have. Millennials are a distinctive generation in many ways. Thanks to an uptick in immigration, they're the most diverse generation to date, with 42 percent identifying as a race or ethnicity that's not non-Hispanic white. They're also the most educated, with 61 percent having attended college versus 46 percent of boomers (and there are still millennials of high-school age). Millennials are also the first American generation to be plugged into the Internet from an early age [source: White House].
Advertisement versus 46 percent of boomers (and there are still millennials of high-school age). Millennials are also the first American generation to be plugged into the Internet from an early age [source: White House].
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Millennials are the most studied and talked about generation to date. This means that although we know a lot about them, they also get a lot of labels thrown at them that are simply not quite true.
What we do know about millennials, is that they are the generation born between roughly 1980 and 1995. We also know that they go by other names, such as “Generation Y”, “Generation Me” and “Echo Boomers”.
But today’s article doesn’t look at what we know about millennials. It looks at what we think we know about millennials. Here are 14 common misconceptions about millennials that you might want to rethink.
If you still believe some of these myths by the end of the article, then please leave a comment to let us know why.
1. Millennials are unemployed
According to Forbes, the national average for unemployment is 4.9%. The unemployment rate for millennials, however, is a massive 12.8%.
Many people assume that this means millennials are a lazy generation of people who are not interested in finding work. However, a closer look at the statistics tells a different story.
Forbes says that the unemployment rate for 25-35 year olds is only 5.2%, whereas for 18-24 year olds, it is 39%. In other words, the data is very much skewed by the younger half of the millennial generation who are more likely to still be in education.
2. Millennials are too dependent on their parents
The same article by Forbes looks at another common misconception about millennials. According to many people, millennials still live with their parents because they are not independent enough to leave home.
Actually, while it is true that 36% of millennials in the United States “live at home”, this data is very misleading. Forbes states that the number is so high because the US Census classes college dormitories “living at home”.
Once again, this misconception has been largely generated because more millennials are still in full-time education. Not because they are too dependent on their parents.
3. Millennials are not interested in owning their own home
So what about when millennials leave home?
More millennials live in rented accommodation compared to previous generations. Lots of people think that this means that millennials are not interested in owning their own home, but once again, this isn’t quite true.
In fact, according to Goldman Sachs, millennials might actually be more interested in owning their own home than other generations:
-93% of 18-34 year olds eventually wanted to buy their own property
-Only 75% of 35-44 year olds felt the same way
So if you thought millennials were only interested in the here and now, then think again – they’re simply biding their time!
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