Are You 21 to 37? You Might Be a Millenial
Are you a millennial? Like it or not, you might be. It’s a roughly defined group, but on Thursday, the Pew Research Center tried to impose some order on the chaos. If you were born between 1981 and 1996, the group said, it will consider you a millennial. That definition is slightly more restrictive than the one used by the United States Census Bureau, which sets the cutoff years as 1982 and 2000. Learn More About Pew's Research >> #millenials
How Do Millennials Spend Their Money?
Social media often depicts millennials as spending much of their money on avocado toast and tiny houses. But a recent study from NerdWallet found that young adults’ spending habits aren't that much different from other generations. Millennials spent an average of $48,576 in 2016, about 74 percent of their income. Generation X spent 72 percent of their income, while Baby Boomers spent 77 percent of their income. Read more >> #millenials
Millennials Show Strong Saving Habits
Millennials are helping America save more money. A survey from the Princeton Survey Research Associates International, showed that Americans age 18-26 have more impressive saving habits than boomers, Bloomberg reported. Thirty one percent of young adults have saved enough to cover three to five months’ worth of expenses, the survey showed. On the other hand, 32 percent of Americans age 53-62 said they have nothing set aside, per Bloomberg. Americans older than 63 were the mos
The High-Performance Workforce for Your Business
What segment of the workforce is growing the fastest? If you guessed millennials, then you’re correct! They currently make up one third of the US workforce and are the largest generation currently working. They are overshadowing Gen Xers and Baby Boomers -- therefore, businesses are listening to their needs. My clients regularly express their feelings about how ‘this new generation works,’ meaning their millennial staff. They're often disparaged as 'disloyal,' 'high maintenan
