Richard V Reeves Isabel V Sawhill Popular Books

Richard V Reeves Isabel V Sawhill Biography & Facts

Millennials, also known as Generation Y (often shortened to Gen Y), are the demographic cohort following Generation X and preceding Generation Z. Researchers and popular media use the early 1980s as starting birth years and the mid-1990s to early 2000s as ending birth years, with the generation typically being defined as people born from 1981 to 1996. Most Millennials are the children of Baby Boomers and older Generation X. In turn Millennials are often the parents of Generation Alpha. As the first generation to grow up with the Internet, Millennials have also been described as the first global generation. The generation is generally marked by elevated usage of and familiarity with the Internet, mobile devices, and social media. The term "digital natives", which is now also applied to successive generations, was originally coined to describe this generation. Millennials have also been called the "Unluckiest Generation" because the average Millennial has experienced slower economic growth since entering the workforce than any other generation in U.S. history. The generation has also been weighed down by student debt and child-care costs. Across the globe, young people have postponed marriage or living together as a couple. Millennials were born at a time of declining fertility rates around the world, and are having fewer children than their predecessors. Those in developing nations will continue to constitute the bulk of global population growth. In the developed countries, young people of the 2010s were less inclined to have sexual intercourse compared to their predecessors when they were at the same age. In the West, they are less likely to be religious than their predecessors, but they may identify as spiritual. Between the 1990s and the 2010s, people from the developing countries became increasingly well educated, a factor that boosted economic growth in these countries. Millennials across the world have suffered significant economic disruption since starting their working lives; many faced high levels of youth unemployment during their early years in the job market in the wake of the Great Recession, and suffered another recession in 2020 due to the COVID-19 pandemic. Terminology and etymology Members of this demographic cohort are known as Millennials because the oldest became adults around the turn of the millennium. Authors William Strauss and Neil Howe, known for creating the Strauss–Howe generational theory, are widely credited with naming the Millennials. They coined the term in 1987, around the time children born in 1982 were entering kindergarten, and the media were first identifying their prospective link to the impending new millennium as the high school graduating class of 2000. They wrote about the cohort in their books Generations: The History of America's Future, 1584 to 2069 (1991) and Millennials Rising: The Next Great Generation (2000). In August 1993, an Advertising Age editorial coined the phrase Generation Y to describe teenagers of the day, then aged 13–19 (born 1974–1980), who were at the time defined as different from Generation X. However, the 1974–1980 cohort was later re-identified by most media sources as the last wave of Generation X, and by 2003 Ad Age had moved their Generation Y starting year up to 1982. According to journalist Bruce Horovitz, in 2012, Ad Age "threw in the towel by conceding that Millennials is a better name than Gen Y," and by 2014, a past director of data strategy at Ad Age said to NPR "the Generation Y label was a placeholder until we found out more about them." Millennials are sometimes called Echo Boomers, due to them often being the offspring of the Baby Boomers, the significant increase in birth rates from the early 1980s to mid-1990s, and their generation's large size relative to that of Boomers. In the United States, the echo boom's birth rates peaked in August 1990 and a twentieth-century trend toward smaller families in developed countries continued. Psychologist Jean Twenge described Millennials as "Generation Me" in her 2006 book Generation Me: Why Today's Young Americans Are More Confident, Assertive, Entitled – and More Miserable Than Ever Before, while in 2013, Time magazine ran a cover story titled Millennials: The Me Me Me Generation. Alternative names for this group proposed include the Net Generation, Generation 9/11, Generation Next, and The Burnout Generation. Date and age range definitions Oxford Living Dictionaries describes a Millennial as a person "born between the early 1980s and the late 1990s." Merriam-Webster Dictionary defines Millennial as "a person born in the 1980s or 1990s". More detailed definitions in use are as follows: Jonathan Rauch, senior fellow at the Brookings Institution, wrote for The Economist in 2018 that "generations are squishy concepts", but the 1981 to 1996 birth cohort is a "widely accepted" definition for Millennials. Reuters also state that the "widely accepted definition" is 1981–1996. The Pew Research Center defines Millennials as the people born from 1981 to 1996, choosing these dates for "key political, economic and social factors", including the September 11 terrorist attacks, the 2003 invasion of Iraq, Great Recession, and Internet explosion. The United States Library of Congress explains that date ranges are 'subjective' and the traits of each cohort are generalized based around common economic, social, or political factors that happened during formative years. They acknowledge disagreements, complaints over date ranges, generation names, and the overgeneralized "personality" of each generation. They suggest that marketers and journalists use the different groupings to target their marketing to particular age groups. However, they cite Pew's 1981–1996 definition to define Millennials. Various media outlets and statistical organizations have cited Pew's definition including Time magazine, BBC News, The New York Times, The Guardian, the United States Bureau of Labor Statistics, and Statistics Canada. The Brookings Institution defines the Millennial generation as people born from 1981 to 1996, as does Gallup, Federal Reserve Board, and the American Psychological Association. Encyclopædia Britannica defines Millennials as "the term used to describe a person born between 1981 and 1996, though different sources can vary by a year or two." Although the United States Census Bureau have said that "there is no official start and end date for when Millennials were born" and they do not officially define Millennials, a U.S. Census publication in 2022 noted that Millennials are "colloquially defined as the cohort born from 1981 to 1996", using this definition in a breakdown of Survey of Income and Program Participation (SIPP) data. The Australian Bureau of Statistics uses the years 1981 to 1995 to define Millennials in a 2021 Census report. A report by Ipsos MORI describes the term 'Millennials' as a working title for the circa 15-year birth cohort born aroun.... Discover the Richard V Reeves Isabel V Sawhill popular books. Find the top 100 most popular Richard V Reeves Isabel V Sawhill books.