Millennials are a generation that starting joining the workforce only recently and who are on their way to searching for success. Millennials, or Generation Y, consist of people born between 1980 and roughly the late 90s and they take up more than 25 percent of the U.S. population, according to the U.S. Census Bureau.
“There used to be a ladder to success,” said Lisa Curtis in an article on the Forbes website. “It was the college — good job — marriage — house — family — cushy retirement.”
But this isn’t necessarily what makes up the formula for a good life for Generation Y, said Curtis. Instead, she noted, Gen Y tends to measure life by levels of happiness.
The Pew Research Center states that in 2008, only 26 percent of people in their twenties were married as opposed to 68 percent in 1960. Curtis states in her article that it was the demand for homeownership that created the housing crises which lowers people’s expectations of ever owning one.
“Success it whatever makes you happy — rich, or poor, bachelor or family man, success can only be defined by the individual and how they want to be remembered,” said Jonathan Perry, a sophomore psychology major at UNC Greensboro.
In the past 10 years, the number of stay at home dads has tripled, according to the U.S. Chamber of Commerce website, and that number has the potential to grow when talking about men who are the main source of care for children while still having a part time job.
The website also stated that because women have more control over whether they have children or not, they have more options when it comes to career and family.
“Millennial women fare better than their mothers did at the beginning of their careers,” stated the U.S. Chamber of Commerce website, “though their salaries still lag behind those of their male counterparts.”
“A study shows that the biggest objective for young adults today, both male and female, is happiness,” read the U.S. Chamber of Commerce website.
So far, the website states, it seems more important to millennials to have love and happiness than money and power.
“According to our American ideals, we are supposed to work our entire life, retire and then die.” Perry said. “So if that’s the plan for our lives, then I want to be able to enjoy it!”
According to an article in The Atlantic written by psychologist Jean Twenge, surveys taken show that Millennials are less community-oriented than past generations and that they show less concern for others and more concern for their own self-interest.
“Millennials were slightly less likely to say they wanted a job that was helpful to others or was worthwhile to society,” Twenge said.
She noted that while volunteering did rise for Millennials, it also rose at a time when schools were making it a required part courses.
“I have two main priorities in life: have a successful career that pays well and be able to help others for a living,” said Stephanie Cooke, a senior psychology major at UNCG,
Millennials have great potential to be entrepreneurs because of their creativity and innovation according to the U.S. Chamber of Commerce’s Millennial research.
“With more guidance, funding, and encouragement, this entrepreneurial spirit may just run free and do its part in creating more jobs and helping rescue the economy.”
The website stated that 50 percent or more millennials are interested in starting their own business and more than 27 percent already own a business.
According to the U.S. Chamber of Commerce, jobs are restricted today and harder for younger people to get and keep.
“Once Millennials understand and experience firsthand the severely restricted job market, they are forced to compromise their anticipation of landing that perfect job,” the website stated.
“After commencement, 29 percent of top college graduates intend to seek employment in the private sector, while 17 percent have set their sights on the nonprofit field or teaching. Only 2 percent of respondents plan to work in the federal government after leaving school. Some 27 percent are looking at graduate school, and the rest are looking at the military and other options,” stated the U.S. Chamber of Commerce.
The U.S. Chamber of Commerce research states that about four out of five Millennials are more interested in financial security than taking risks and 34 percent of 25-29 year olds have gone back to living with their parents because of financial struggles.
The U.S. Chamber of Commerce website also reads that Generation Y consistently requires some kind of balance between work and their lives outside of work.
The website states that Millennials expect positive relationships with their bosses, and the main reason that they leave jobs is because of their bosses and managers.
“Ideas matter more than experience,” stated the website, “and work output is valued more than the time put in.”
Vonda Alston, a sophomore public health major at UNCG stated, “I would love to be one of those people that does any and everything and isn’t held down in one spot. I can only hope and dream that whatever I end up doing, even though I have no idea what that might be right now, that I will love it. I don’t want to feel like I’m working because I want to love what I do.”