Women are fueling a resurgence in millennial household incomes
Posted On March 5, 2019
We all know the economic issues with which the millennial generation has been saddled. We’ve all heard the stories of millennials moving back in with their parents and struggling to make ends meet while paying off exorbitant student loans. But there is good news: According to the Pew Research Center, incomes are rising and millennial households now earn more than young adult households of any generation in the last 50 years. The median income for a millennial household in 2017 was $69,000, less than $10,000 lower than the typical Baby Boomer household (just over $77,000). Generation X households, enjoying their… Read More
Categories: Blog, Generation Y / Millennials, Wealth, Women, Work
The fall of the golf course community and rise of the … agrihood?
Posted On January 30, 2019
The good news for the real estate market is that millennial home-buying has slowly been trending upward since 2017. If you live in a golf course community and was hoping that’d help your property values, however, the news maybe isn’t so good. According to the Wall Street Journal, millennials are shunning such communities because they “are not interested in golf,” leaving property values along the fairways sliding. That’s got older generations who bought up such properties as their own little slice of paradise trying to blast their way out of the bunker in some areas of the country. So if… Read More
Categories: Blog, Generation Y / Millennials, Home Ownership, Real Estate
Having trouble adulting? Now there’s a class for that
Posted On January 22, 2019
Well, this won’t help combat the millennial stereotype: There apparently is now such a thing as “adulting classes.” According to CBS News, the classes teach life skills like cooking, sewing, budgeting and time management — you know, those things most of us learned from our parents or through our own trial and error. I can see the memes now: “What do these things have in common?” in all-caps above pictures of a cassette tape, a rotary phone and a frying pan. “Millennials don’t know what they are.” Before we laugh too loudly, however, let’s remember that it’s the Baby Boomer… Read More
Categories: Blog, Generation Y / Millennials, Parenting
Still supporting your adult children? Join the club
Posted On January 10, 2019
Have you helped your adult children with a rent payment since they moved out on their own? Covered their insurance? Helped them pay down their bills or chipped in on a down-payment for a house or car? You’re far from alone. You’re actually in the majority. Nearly 80 percent of parents continue to help their adult children out financially, according to a recent study conducted by Merrill Lynch and shared by CBS News. Ranging from major expenses like weddings and college tuition to everyday expenses like utilities and groceries, parents shell out about $500 billion a year to help their… Read More
Categories: Blog, Generation Y / Millennials, Parenting
We’ve seen the millennial office, but what will an iGen workspace look like?
Posted On November 26, 2018
We’ve spent a good bit of time in this space discussing the aspects of a millennial workspace. But perhaps, with iGen now starting to enter the workforce, we should consider what they will want in an office as well. Beatriz Sanchez, a contributor at globalfurnituregroup.com, did just that recently, and the picture she paints is quite a bit different from the trends we’re seeing now. Instead of the open, collaborative spaces millennials crave, iGen employees are looking for predictability and structure, Sanchez says; they’re independent and like to have their own workspaces. They prefer face-to-face communication to the email and… Read More
Categories: Generation Y / Millennials, iGen, Workplace
Are millennials killing Hooters too? Not so fast.
Posted On November 7, 2018
Stop me if you’ve heard this, but guys still like eating chicken wings and looking at scantily clad women. Hence, despite what Business Insider would have us believe are millennials’ best efforts, reports of the Hooters restaurant chain’s demise may have been greatly exaggerated. Business Insider, which seems to blame millennials for killing off a different industry every other month, reported last year that Hooters was in trouble. The chain, known for its waitresses and their short shorts and tight, low-cut tops, had seen its U.S. locations decrease more than 7 percent from 2012 to 2016 and sales were stagnant…. Read More
Categories: Generation Y / Millennials
Millennials are in marriage to win, not divorce
Posted On October 30, 2018
We Generation Xers and Baby Boomers are well attuned to what we perceive as millennial flaws. They’re not good with commitment, we believe. They don’t know how to overcome adversity. They expect things to be handed to them. They don’t do well when conditions in the workplace or in life aren’t what they consider ideal. There’s something else we don’t talk about as much, however, that millennials also don’t do well: divorce. Bloomberg recently cited a study by University of Maryland sociology professor Philip Cohen that showed the divorce rate has dropped 18 percent from 2008 to 2016. What’s more,… Read More
Categories: Generation Y / Millennials
Want to leave it all behind? Some millennials are.
Posted On September 14, 2018
Ever wanted to just quit your job, leave everything behind and move to an island? Most of us have, at some point, fantasized about it. According to the New York Post, however, many aren’t just daydreaming about it. They’re doing it. The Post interviewed several twenty-somethings who have quit their jobs, some of them quite lucrative, and left it all in search of peace, adventure or fulfillment. Sarah Solomon was a publicist in New York until she quit and moved to Hawaii, where she now does freelance work in between trips to Guatemala, Indonesia and other exotic locales. Gracie Halpern quit… Read More
Categories: Generation Y / Millennials, Travel, Work
Rewarding man’s best friend with fur-ternity leave
Posted On September 6, 2018
As the largest generation currently in the workforce, millennials are changing the way the modern office looks and operates. Cubicles and offices are giving way to open floor plans and standing desks. Employers are paying more attention to work-life balance and charitable opportunities for their employees. And at least one company in Minneapolis, they’re allowing employees who have just gotten new pets to work from home. According to Minnesota Public Radio, Minneapolis-based digital marketing firm Nina Hale instituted the “fur-ternity leave” policy earlier this year after a senior accounts manager got a new puppy and wanted to be there while… Read More
Categories: Generation Y / Millennials, Workplace
Stop blaming millennials for the internet’s dirty work
Posted On August 20, 2018
So apparently Business Insider isn’t the only outlet obsessed with blaming millennials for the demise of pretty much any product that’s seeing a slip in sales. Quartz published a piece recently blaming millennials for what it termed the death of the classic novel. In making this claim, writer Ajinomoh Ozovehe Caleb compared sales of J.D. Salinger’s The Catcher in the Rye upon its release in 1951 with a newer critically acclaimed work, Khaled Hosseini’s A Thousand Splendid Suns, which sold only half as many copies per year as Salinger’s masterpiece. Caleb further noted that it’s almost unheard of now for… Read More
Categories: Advertising, Downloadable Media, Generation Y / Millennials