Another ridiculous fabricated reason millennials can’t afford to buy a house
Posted On August 10, 2018
In the digital age of social media white noise, media outlets make their money by attracting eyeballs. Two of the ways they try to do this are by jumping on popular topics and inventing new angles until they run them into the ground, and by using what we now commonly refer to as “clickbait” – misleading or sensationalized headlines that draw readers to click on a story that ultimately doesn’t deliver the shock that was promised. Today.com, the website of NBC’s Today Show, recently checked both these boxes with one post that took the stereotyping of millennials to a new… Read More
Categories: Generation Y / Millennials, Home Ownership
Growing too fast or not growing at all: the questions CEOs should ask themselves
Posted On July 7, 2018
What does a CEO need to focus on if his or her company is stagnant and starting to lose business to competitors? What about the CEO of a company that is growing so fast it can’t hire fast enough? While these two situations are wildly different – even opposite – the questions they need to be asking themselves are largely the same. Our guest in this week’s episode of “What’s Working with Cam Marston” is Gary Frey of Insight CXO, a Charlotte-based firm that provides coaching for CEOs of mid-market companies looking to manage their growth or maintain their foothold… Read More
Categories: Generation Y / Millennials, Podcast, Work, Workplace
Millennials finding it tough to bounce back from Great Recession
Posted On June 16, 2018
We grouse about their participation trophies and helicopter parenting. We stereotype them as overly entitled and self-absorbed. We laugh about their reactions to pop culture standards from before they were born. But instead of mocking millennials, we should perhaps be worried about them. A new study from the Federal Reserve Bank of St.Louis found that many millennials have never gotten over the Great Recession of the late 2000s. The study found that the net worth of a typical family whose head was born in the 1980s, the front edge of the millennial generation, was 34 percent below expectations, and lost… Read More
Categories: Blog, Financial Services, Generation Y / Millennials, Wealth
From classic movies to Chick-fil-A: Millennial reaction videos reach critical mass
Posted On May 19, 2018
Just when you thought there wasn’t anything else that millennials could try while their reactions are filmed for a cheesy video, Business Insider has found a new one: Chick-fil-A. That’s right: Somewhere in this country are 10 millennials who apparently had never tried Chick-fil-A until Business Insider stuck a camera in their faces and shoved a chicken sandwich in front of them. One said she grew up in Europe. One was from Montana. One was a former vegetarian. One just said “the lines are always really long.” This worn-out trope has come in many forms, perhaps the best of which… Read More
Categories: Advertising, Generation Y / Millennials
Pop the bubble: the value of inclusive decision-making
Posted On May 14, 2018
In my last “What’s Working with Cam Marston” episode, we looked at the value of reverse mentoring. Forbes contributor Erik Larson goes one step further, however: For the best chance at desired results, younger employees need to be part of the decision-making process. A study by Larson’s company, Cloverpop, found that inclusive teams arrive at better decisions — and make them faster — than individual decision-makers. Furthermore, the study found that teams of younger members outperformed older teams by 40 percent in reaching decisions that led to positive outcomes. What’s more, teams that included members of a wide range of… Read More
Categories: Baby Boomers, Blog, Generation Y / Millennials, Workplace
‘This is not the Army:’ Why reverse mentoring can be beneficial for your business
Posted On May 10, 2018
What can we learn from millennials? The best flavor Frappuccino at Starbucks? What all the emojis mean? The appeal of a standing desk? Actually, at least one 60-something CEO believes there’s a lot more we can learn from millennials. That’s why he’s accepted one as a mentor. Mark Tibergien, CEO of Pershing Advisor Solutions, says reverse mentoring – younger employees mentoring their older peers — isn’t just a retention tool for hiring and keeping talented millennials. He and his millennial mentor, Pershing VP of Business Development Kayla Flaten, share how it has been a beneficial tool for both of them… Read More
Categories: Baby Boomers, Generation Y / Millennials, Podcast, Workplace
Coaching millennials: What a veteran Baby Boomer has learned
Posted On April 29, 2018
Herman Edwards has pretty much seen it all in a football coaching career that started in 1987 at San Jose State and ended up including head coaching stints in the NFL with the New York Jets and Kansas City Chiefs. But Edwards, who at 64 fits right in the middle of the Baby Boom generation, is having to learn a few new tricks now that he’s accepted a job as head coach of the Arizona State Sun Devils. Since it’s his first coaching job since 2008 – he’s spent the last decade in broadcasting – what he doesn’t have a… Read More
Categories: Generation Y / Millennials, Training Industry
Boomers and millennials find common ground — on vacation
Posted On March 1, 2018
Many Baby Boomers think millennials are lazy, coddled and have entitlement issues. Many millennials find Baby Boomers out of touch, technologically illiterate and over-judgmental. Frank Sinatra or Kanye West. All in the Family or The Walking Dead. Encyclopedias and card catalogues or the internet and smartphones. These two generations can’t have any common ground, can they? Actually, it appears they do – when it comes to travel. Lisa Iannucci, a contributing writer for travelpulse.com, recently talked with several travel industry professionals who saw many similarities between Baby Boomers and millennials in what they want in a vacation: Authentic experiences Learning… Read More
Categories: Baby Boomers, Generation Y / Millennials, Travel
Stock market losses leave sour taste for millennial investors
Posted On February 19, 2018
Play the stock market, they said. It’ll be fun, they said. According to a recent piece in the New York Times, the recent volatility in the market may have some millennials ready to get off the ride – or at least ask it to slow down. Data shows millennials typically consider themselves cautious investors. The Times cited survey data from Legg Mason showing that only about one-third of them own stocks and more than 80 percent of them consider their investment strategies to be “conservative.” Despite all that, millennials’ expectations may be a little too bullish. The Times cited a… Read More
Categories: Financial Services, Generation Y / Millennials
Who’s the best at feeding the piggy bank? You might be surprised.
Posted On January 21, 2018
Quick question: Which generation would you think is doing the best at saving for the future? Baby Boomers? They’re the closest to retirement, and therefore the benefits of saving should be most immediate to them. Generation X? They’re in their peak earning years, and should have the most resources from which to feed the piggy bank. Either would seem to make sense, and either would be wrong. According to a new Discover Bank survey shared on Nasdaq.com and elsewhere, it’s millennials who are doing the best job at saving. In a nation study of over 2,200 people, 81 percent of… Read More
Categories: Financial Services, Generation Y / Millennials, Wealth