Millennials Shared the Best Parts of Growing Up That Gen Z Will Miss Out On (2023)

FAQs

What is the difference between Gen Z and millennials? ›

Generation Z was born between 1995 and 2012, whereas Millennials were born between 1981 and 1996. In 2019 the oldest Millennials turned 40, which means that they have been part of adult life for a while.

Gen Zers are known for working, shopping, dating, and making friends online; in Asia, Gen Zers spend six or more hours per day on their phones. Digital natives often turn to the internet when looking for any kind of information, including news and reviews prior to making a purchase.

In the short term, Gen Z's stress is leading to ambivalence and withdrawal in their professional lives. According to 2022 data from Gallup, they are the most disengaged group at work. They also report more overall stress and work-related burnout than other cohorts.

Millennials are anyone born from 1981 to 1996. Generation Z is anyone born from 1997 to 2012.

Generation Z considers itself more accepting and open-minded than any generation before it. Almost half of Gen Zs are minorities, compared to 22% of Baby Boomers, and the majority of Gen Z supports social movements such as Black Lives Matter, transgender rights, and climate change.

They are pragmatic and value direct communication, authenticity and relevance. They also value self-care. They may be more likely than older people were when they were the age of the Gen Zers to question rules and authority because they are so used to finding what they need on their own.

Authenticity is the most important value for Gen Z — even beyond future plans and being rich.

Gen-Z cares about following their passions, caring for the earth and demanding social and environmental justice from high-level decision-makers. As a result, they're more vocal, values-driven and individualized than generations that came before them.

Issues that matter to Millennials

Millennials as a whole also demonstrate more optimism about the future than the other generations. They are more passionate than the older generations, with 27.2% falling into the Passionate group compared to 14.2% of Baby Boomers and 18% of Generation X.

What do Millennials care about? ›

What do Millennials value most? Millennials value experiences, personalization, authenticity, and transparency. They appreciate companies that are socially and environmentally conscious, and also value flexibility, communication, and collaboration.

In the 2023 book Generation Alpha by Mark McCrindle, who is generally credited with coining the term, Generation Alpha is defined as "covering those born between 2010 and 2024". Definitions of Generation Z should be taken into account, however.

The average life expectancy of baby boomers, Gen X, Millennials, and Gen Z are different. Compared to the 70-year life expectancy of baby boomers and the 85-year life expectancy of Gen X, Gen Z is predicted to have a life expectancy of over 100 years.

Researchers and popular media loosely use the mid-to-late 1990s as starting birth years and the early 2010s as ending birth years for defining Generation Z. The Merriam-Webster Online Dictionary defines Generation Z as "the generation of people born in the late 1990s and early 2000s."

If you were born between 1981 and 1996, you are a millennial. Anyone born after that is in a different generation.

Flexibility and Multitasking. As already mentioned, the Millennial Generation is able to accept different cultures. Hence, flexibility means that Millennials are able to work with new people, places, and situations. Although they do not expect to change, they are ready to accommodate to new things and people.

Differences in Gen Z employees and millennial employees

Millennials prefer job flexibility while Gen Zers prefer job stability. Gen Z is more entrepreneurial. Millennials value work-life balance whereas Gen Zers value salary and career advancement.

The millennial generation is defined as anyone born between 1981 and 1996, which means anyone between the ages of 24 and 39 in 2020. This age range, like other generational cohorts, is chosen for statistical analysis of certain trends rather than being a strict identifier.

Accountability on the environment, sustainability, and social responsibility. Gen Zers are passionate about making a difference, and want to work somewhere they feel has a broader mission and purpose that aligns with their own values. They don't want to make money just to make money—they want to make an impact.

What do Millennials value most? ›

Gen Z cares about the collective good and well-being. But they also care about everyone having the chance to be who they are in their lives. In other words, freedom of expression is vital to Gen Z. They want to support people and groups that are real (i.e. authentic).

Generation Z spends an outsized portion of their income on eating out, mobile devices, transportation and housing.

As digital natives, Gen Zers love TikTok. Among other social media platforms, like Instagram, Facebook, and Twitter, TikTok stands out. Not only is the app Gen Z-dominated, with 43% of global users aged 18-24, but young consumers also prefer TikTok to such an extent that it's begun to rival Google as a search engine.

You'll find that they are quite different from the previous generations. Gen Z prioritises positive relationships, work-life balance, schedule flexibility, and job stability. 90% of them want human interaction at work and direct communication from their co-workers.

Millennials, the generation that includes those born between 1980 and 2003, are commonly described as lazy, poorly prepared and without aspirations.

In his remarks, Sinek focuses on four areas: parenting, technology, impatience, and environment. Examining these prime characteristics, Sinek says, can help companies successfully hire and manage millennials.

Inflation is the top problem Gen Z and Millennials name as the biggest they are facing today. Over-dependence and addiction to technology ranked second as the top problem among young people for the first time. However, racism and COVID-19 are still top concerns for these gens.

Strauss and Howe ascribe seven basic traits to the millennial cohort: special, sheltered, confident, team-oriented, conventional, pressured, and achieving.

What were millennials most important life goals? ›

It's so stressful, in fact, that a survey of 1,000 Millennials conducted by YPulse showed that Millennials' number one life goal is not to get into a fulfilling relationship, build the career of their dreams, or start a family. No. Millennials' top life goal is ... to be debt-free.

The business cites that so many millennials want to leave their current employer due to a lack of engagement tactics and attraction and retention strategies. It's safe to say that based on these findings, millennials aren't interested in remaining with companies that don't tend to their need to feel engaged at work.

A separate study found that nearly 30% of adult Gen Zers are still living at home with their parents, held back from moving out on their own by the rising cost of living.

Of Gen Zers currently saving money, 56.2% are saving for their first home. The majority of Gen Z (79.8%) believe they can only afford a home that costs less than $200,000. Only 6.9% of Gen Zers believe they can afford a home over $500,000 in their desired timeframe.

The youngest members of the workforce aren't planning to stay as long as previous generations stayed in the working world. Gen Zers, defined as Americans between 18 and 25, aim to retire by 59 on average, according to Northwestern Mutual's 2022 Planning and Progress study.

The U.S. birthrate is at its lowest since the 1970s, and that's because more American millennials and Gen Z are deciding not to have kids than previous generations.

What is the difference between Gen Z and Gen Alpha? Generation Z (also known as the iGeneration, Zoomers, or Centennials) refers to those with birth years between 1995 and 2010. Generation Alpha encompasses those born between 2010 and 2025.

Gen Z: Born 1997-2012 (11-26 years old) Gen Alpha: Born early 2010s-2025 (0-about 10 years old)

In summary, a typical Gen Zer is a self-driver who deeply cares about others, strives for a diverse community, is highly collaborative and social, values flexibility, relevance, authenticity and non-hierarchical leadership, and, while dismayed about inherited issues like climate change, has a pragmatic attitude about ...

CHARACTERISTICS OF THE Z OR CENTENNIAL GENERATION

Aged between eight and 23 years old, generation Z or the post-millennial generation will take the lead in a few decades.

What are 5 distinct characteristics of Gen Z? ›

The Greatest Generation refers to those Americans born between 1900 and 1925, many of whom fought during World War II. These individuals grew up during WWI and lived through the Great Depression and are often the parents of the Baby Boomer generation.

Strauss and Howe ascribe seven basic traits to the millennial cohort: special, sheltered, confident, team-oriented, conventional, pressured, and achieving.

Millennials are often portrayed as having different career aspirations and goals from older generations. This stereotype stems from the fact that millennials change jobs more frequently and tend to have a shorter tenure with an employer.

Anyone born between 1981 and 1996 (ages 23 to 38 in 2019) is considered a Millennial, and anyone born from 1997 onward is part of a new generation.

Generation Z (or more commonly Gen Z for short), colloquially known as Zoomers, is the demographic cohort succeeding Millennials and preceding Generation Alpha. Researchers and popular media use the mid-to-late 1990s as starting birth years and the early 2010s as ending birth years.

Generation Z—your personal bugbear, Minds—is so called because it was the generation immediately after Generation Y (the people who are now called millennials). Gen Y was named, in its turn, because it followed Generation X. Generation X (shout-out to my homiez!) was named after a 1991 novel by Douglas Coupland.

How old are Gen Z this year? The oldest in the Gen Z cohort will be 26 in 2023, while the youngest will turn 11.