When Great Britain voted to leave the European Union last month, an issue known globally by the mashup term Brexit, generational politics and preferences played a huge role in the result. Younger people voted overwhelmingly to stay in the EU, while older voters largely opted out. According to polling cited by Time, less than 20 percent of voters between the ages of 18 and 24 supported Brexit, while nearly 60 percent of those old enough to receive pensions were in favor. According to the Telegraph, Brexit’s passage was due in large part to high turnout among those older voters in… Read More
Categories: Generation Y / Millennials, Generations, WealthAre millennials really the lazy, entitled brats they’re made out to be? Or is the millennial stereotype a media creation? Sarah Kendzior suggests in a recent article for Quartz that the image of millennials as spoiled narcissists is a media-generated “myth” that ignores the economic conditions under which the generation has grown. Far from expecting a plethora of options to cater to their whims, Kendzior argues millennials have suffered from a lack of options in the wake of the Great Recession, with lower incomes, less mobility and greater dependence on relatives than previous generations. Let’s say this out the outset:… Read More
Categories: Generation Y / Millennials, Recession Economy, Uncategorized, WorkEleven years ago, in 2005, the Work and Family Researchers Network presented the findings of researcher Paulette R. Gerkovich, who’d studied the views of Generation X professionals. At the time, Gerkovich touted her study as breaking new ground, noting that much of the information available about Generation X prior to her work was “mostly anecdotal” or “gleaned from marketing studies.” Among her findings: There was a widespread belief that Generation X was not committed to their organizations, but this impression was false. Generation X placed a higher priority on personal and family-related goals than career goals. Generation X might be… Read More
Categories: Generation X, Work