“Coming of age during the Great Recession has undoubtedly strengthened millennials’ appetite for a benefit safety net” (Howe, 2014, P. 8). The millennial generation is referred to as the working generation of today; the age group of sixteen to thirty-one. All age groups have similarities and differences in how they perceive working benefits, but recent studies have shown that the younger generations think and care more about benefits that will better their future and protect them from certain risks. This younger generation referred to as millennials, began showing plans for the future much earlier in life than the older generations, early as young children. From K-12 to the workplace, millennials yearn for the “American Dream” and have more …show more content…
Fourteen to fifteen percent more millennials are worried about sudden income loss than boomers. With that being said, millennials are less likely to take risks when investing. Young workers today want offers that provide the most stable situation to help them prepare for the future. Millennials also invest more into their retirement fund and save more vigorously, opposed to bloomers, who are close to retiring. This new trend among the millennials could be due to a law being passed in 2006, allowing 401(k) auto enrollment for employees by their employers. The auto enrollment is not all to blame, since many employees do not realize they have an opt-out option when it comes to their …show more content…
As stated earlier, millennials have shown this drive for security and safety for their future since they were young children. A study that was conducted in 2005 and 2006, shown that millennials ranked good benefits and retirement benefits as a top priority when looking for an employer. While boomers and Gen Xers were young and looking into employers, they were prone to taking risks and not saving for the future. With boomers and Gen Xers being the parents/grandparents to the millennials, millennials were taught not to take risks and take advantage of any opportunities that were offered to them. The risk taking for the older generation even goes as deep as health insurance benefits. “… young adults rarely thought much about health care – and often saved a few bucks by ‘going bare’ and letting their health insurance lapse” (Howe, 2014, p.11, para. 8). Being the parents, boomers and Gen Xers taught their children otherwise from their choices. The millennial generation cares more about their health, even though they are far less likely to suffer severe illnesses, and have less health care services to pay
In the article, “A Generation of Slackers? Not So Much”, Catherine Rampell explains why older generations find millennials to be the laziest generation yet and provides facts that contrast the claim. The generations that came before millennials like Generation X and Baby Boomers have multiple reasons explaining why young people have became less productive over the years. Catherine Rampell provides information regarding how millennials are not as lazy as Generation X has made them out to be.
Millennials are often portrayed as spoiled rich people who still rely heavily on their parents for everything. This makes them seem childish, and Matchar’s questionable usage of these terms nonetheless is an obvious jab at the poster minority. Millennials overall are hard working and put under more stress than their predecessors, and the ridicule they endure for their work is uncalled for. Therefore, the thesis’s major flaw almost entirely overshadows its main
In “Why So Many Minority Millennials Can’t Get Ahead” The Atlantic author Mel Jones expresses that white families provide their children with financial assistance to get a head in life, or by inheritance, unlike the minority Hispanics and blacks who have to continually make sacrifices that set them back. To begin the article, Jones starts building her credibility with a personal fact. Then she provides credible sources, she cites convincing facts and statistics, and successfully uses pathos in applying her emotional appeals. On the other hand, when nearing the end of her paper, her biased opinions begin to weaken her credibility.
Not So Much”, explains how Generation Y is not necessarily lazy, but rather conforming to fit changing times and a changing system. Her degree in journalism from Princeton, and experience in writing about economics, politics and data-driven journalism, more than qualifies her for writing about such a topic. I was one of those people who believed that today’s generation is too dependent on their parents, always looking for a hand-out and have a sense of entitlement. After reading this, I now have a slightly different opinion about Millennials. Of course, there will always be slackers in every generation whether past, present or future, but there is always more than what meets the eye. Just because someone may not spend their forty-hour work week all in the office, does not mean that they are working any less, but that because of today’s technology they can work from almost anywhere. As for the amount of graduated college students that return to live at home with their parents, it is not necessarily because they are too apathetic to go out and support themselves, but rather the reason being the high unemployment rate among sixteen to twenty-four year olds. After the Great Recession in 2009, many Millennials either lost their jobs, or were simply unable to find one after graduation. While I was raised to believe that if you wanted something, you worked for it, I truly hope that today’s generation is still
Generation Y, more commonly referred to as the “millennials”, is today’s group of young people. Similar to other generations, each cohort is labeled with unique characteristics and inevitably faces adversities while taking its place in society. Many American’s today debate their views on the youngster generation, but none the less all sides can agree the discussion has become a hot topic. Catherin Rampell creates an open discussion in her article, A Generation of Slackers? Not So Much, addressing the main issue: Are millennials a generation of slackers. I feel strongly that my views align with Rampell’s, in believing my generation has already begun to show its capability of doing great things. Through analysis of the text and my own personal experience I am able to dispute the opposition towards my generation as well as, express the positive relationship of millennials in
“We like to tell ourselves that America is the land of opportunity, but the reality doesn’t match the rhetoric - and hasn’t for awhile” (Matthew O’Brien 1). In today’s economic situations, dreaming big may seem unaffordable, but not impossible. To achieve this goal many aspects should be analyzed to understand the American dream, weakened retirement, and smart investments. Megan Cottrell states that “graduate from college. Get married. Buy a house. Have kids. Put in a few decades of hard work, and then it’s time to retire by 65. That’s the American Dream, right?” (1).
The Millennials Gen Y and Baby Boomers Gen X are two different generations. Proponents and Opponents both argue: How are they different? Baby Boomers believe that traditional structure, hard work, monetary success, is an essential way of life. In contrast the Millennials simply don’t agree, nor are they going to comply. The Baby Boomers and Millennials don’t see eye to eye about how the workplace should be run, nor do they agree with the way the world was handed to them to be successful, and how power is in generational numbers.
Throughout the years, the older generations –The Silent Generation, Baby Boomers, and Generation X—have viewed Millennials as the lowest generation. They have illustrated this adverse title of the millennials that the world views to be true, but in late May of 2013, Joel Stein, a product of Generation X, wrote, “The New Greatest Generation: Why Millennials Will Save Us All” towards the older generations to prove them wrong. This article attempts to persuade Stein’s audience to believe that Millennials are not what the world has described them to be. Throughout his article, Stein informs the audience that although statistics portray Millennials to be narcissistic, he has faith that the Millennials are the future. While Stein did use data in
If this paradigm is flipped then it is easy to see that this advancement of Millennials compared to previous generations is normal and in fact beneficial to the greater society. So far Millennials have been achieving those leadership positions and already at a young age they are starting to rule the world. Rather than having a negative attitude towards the transition from Baby Boomers and the Generation X to the Millennials, the generations should work together and learn from each other. Parents from previous generations should be proud of how they raised their children—they are succeeding in life. Most Millennials have even been holding off on marriage and children until they have a attain stability. They have an agenda, and they’re achieving
In today’s culture, the number of issues that the average person has to face on a daily basis, are astronomical. Millennials, in particular, have been greatly affected by this, so much so that a new phase in the human lifespan has been created just for them! Dubbed “emerging adulthood” by psychologist Jeffrey Arnett, plopped smack dab in the middle of adolescence, and adulthood, this phase captures any, and all doubts that 20-29 year olds are plagued with. From their economic standing, to racial, ethnic, and identity issues, and to disabilities ranging from both mental, and physical, this phase captures every single uncertainty, fear, and qualm that one person can possibly have in a neat little package.
These generations of young people are the future, not only of the United States of America but also of the world. Young people will bring change and will hopefully make the world a better place. However, they cannot make the future a brighter place if they are disheartened at a young age from trying to achieve the impossible. It is society’s responsibilities to make the future better and for humanity to move forward and this cannot happen if all the millennials and those belonging to Generation Z are pessimistic because they were not able to achieve their own dream due to the circumstances in America. In order for everyone to have a bright future to look forward to the youth of today needs to have the opportunities to achieve their
They never grew up through a struggle as a society in whole. They never grew up through any era where it affected them. They were raised believing they’re special and everything revolves around them rather than knowing to fight for what they want. They blame the ones who raised them for their many faults and the way they are but fail to realize they can change. They are considered the worst generation because they are selfish, babied, and lazy. They care for their social life online than interacting with those around them. They don’t take politicians and careers as seriously as they should and this is causing them to be useless and not fully plan for our future and theirs. If millennials upkeep this way of living generations after them will be the exact same or even
Nearly 3.7 million American babies born in 1982 were the first members of the new Generation Y, or more affectionately known as millenials (Thompson, par. 1). Many things play into whether a generation is considered to be faring ‘better’ than another one; job opportunities, the state of the environment, whether the U.S. is at peace or at war, income vs. living expenses, the general happiness of the people, and the list goes on. Millenials are part of a special generation because for decades, “The American Dream” has included the belief that the future generation will fare better than the present one; however, millenials are not projected to fare better than the present generation X for many reasons.
Like helicopters, they hovered in the background, ready to sweep down, solve crises and offer new destinations (Setooodeh). The Millennial generation is referred to as the “me, me, me” generation. They grew up making the rules because their parents were not authoritative. Their lives are dictated by their smart gadgets and they are living at home longer. In conclusion, when it comes to finances, Boomers are certainly more into spending and owning, while Millennials are more into saving before spending. They already have debt and don’t want anymore. While working, Boomers prefer structure with a time clock; Millennials prefer flexibility with time off and breaks. While both generations didn’t prioritize fitness in the beginning, both have found ways to be active and healthy in their differing lifestyles. Millennials are certainly more tech savvy than Boomers, but the Boomers have caught onto tech recently and are attempting to learn how to use it in a world that all but requires tech knowledge. Finally the outlooks on education between these two generations differ very much. Millennials are almost required to attain higher education while boomers grew up having more of an option to attend higher education. Both generations have had their challenges, but Baby boomers have solid opinions that not much will change, Saying ‘kids these days’.
“I think the younger generation, the people posed to dominate the workforce, are more socially conscious. They are more demanding in terms of environment and how that environment contributes to their life.” This quote by Helmut Jahn demonstrates the exact hope that we, as Americans, should have towards our future. The young generation is the future of America, and action needs to take place in order to better their future. Millennials are often perceived as inferior, knowledge-wise, to older generations. However, today’s Millennials are about to be the most educated generation ever. Though they’re mostly educated, they’re making a lot less than they should be. Because being well-educated means going to college, a lot of