Whenever I travel around the world, helping companies with generations the Millennial generation always come up. More specifically,
What is it?
What does it mean?
And how will knowing more about it benefit me?
I tell them Millennials or Generation Y, are the behavior patterns associated with people born in specific time frame periods. They are the stereotypes associated with that time frame period.
If you dig into the internet looking for the term Millennial, you will find many dates pertaining to Millennials generation dates. In fact, you may also find that some places use Generation Y and Millennials are interchangeable. Coined by different sources!
Yes, Millennials and Generation Y are not the same thing even though countless people use the two terms interchangeably.
Below are different sources and dates that pertain to the Millennial and Generation Y generations. Note, that they are different. Its a marketing game to see who can get their term accepted by the major media outlets.
Sources and Dates for Millennial/Generation Y
Source: William Strauss and Neil Howe in 1989
Popularized in their books Generations and Millennial Rising where they originally coined the term Millennial. While Millennial was the successful term they coined, they also coined 13ers, which unfortunately, was not as well known which pertain to Generation X.
Generation Y (1981-1994)
Source: Ad Age Article in 1993
An article published in an editorial during August 1993. As they suggested: ‘In retrospect, the name didn’t age well and seemed to presume that the generation was an iteration of the Gen Xers we called “cynical, purple-haired blobs watching TV.” As the oldest turn 30, we tend to call them millennials now.’
Source: Pew Research
Pew Research, known for their update to date studies on workplace dynamics, coined Millennials as a different range than the originators of the term. Their argument falls behind historical, technology and sociological reasons.
Generation Y (1977-1995)
Source: GenHQ Center
The Center’s research, consulting, and speaking clients range from Fortune 500 companies to venture-backed start-ups. We cut through the myths and generational noise to serve clients in industries ranging from automotive, banking, and financial services to software, restaurants, hoteliers, and retail.
Along with the generation term, there are stereotype associated with the generation. Below are a very of the common ones used in the media:
Common Millennial Stereotypes
They’re self absorbed – this has originated through Instagram and other large social media platforms being created during the generation period.
They are lazy and entitled– originated from how few people go outside and work with their hands.
They like avocado toast- Bernard Salt in The Australian during the year 2016, wrote about how expensive avocado toast is, and that Millennials should spend more money on houses.
They lack loyalty – originated from the high turnover and ease of switching jobs that technology and the economy has conveniently allowed.
They’re obsessed with technology– originated from how much personal technology innovation has been adopted during the period 1990s-2010s.
What’s After Millennials?
Currently Generation Z is following up Millennials. However, just like Millennials, there are several outlets battling for who will win the contest of adoption. The candidates are Generation Z, iGen, Centennials, Next Gen.
Who will win?
Jeff Butler Internationally respected speaker and consultant, Jeff Butler helps bridge generational gaps between Millennials and companies looking for their talent and patronage. Butler has quickly built his reputation as a memorable presenter with tangible solutions for attracting, retaining, and engaging Millennials as employees and customers. Within just the past three years, he has spoken at two TEDx events and multiple Fortune 500 companies such as Google, Amazon, and LinkedIn.