MILLENNIALS SPECIAL....... THINGS MILLENNIALS DO THAT THEIR PARENTS WOULDN’T RECOGNISE

THINGS MILLENNIALS DO THAT THEIR PARENTS WOULDN’T RECOGNISE

Here are some of the millennials’ most significant departures from tradition. Find out how this much-maligned generation is changing life as we have come to know it

1 Instead of college, millennials want to learn online

A survey that found 69 per cent of people between the ages 18 to 34 years old said they think they learn more from technology than from people, compared to 50 per cent of Baby Boomers older than 45. And there’s evidence that Generation Z could be even more disinclined to pursue higher education, especially to avoid falling into debt.

2 They may share details of salaries with co-workers

Money is becoming less taboo. Millennials are more likely than older generations to discuss their salary with co-workers, family, and friends. One survey found 30 per cent of millennials (defined as ages 18 to 36) said they felt comfortable discussing pay with co-workers, compared to just 8 per cent of Baby Boomers (ages 53 to 71).

3 They cohabitate before getting married

For many young adults today, a key comes before a ring. One survey found 72 per cent of millennials believe cohabitation before marriage is a good idea, compared to 63 per cent of Baby Boomers. Some sociologists say there could be a link between declining divorce rates and more people deciding to live together before marriage. Presumably, that’s because people have a chance to realise they’re not compatible after cohabiting for years.

4 Millennials crave more frequent feedback

The annual performance review is slowly disappearing. IBM, for example, ditched the annual performance review for a system called Checkpoint, through which feedback is given on at least a quarterly basis. The company also uses an app called ACE, which facilitates a more casual, ongoing dialogue between employees.

5 They are investing in more sophisticated assets

Many millennials came of age during the 2008 financial crisis. According to a US Trust survey, millennials are more interested in ‘sophisticated’ assets like structured products, venture capital, and private equity. That way, they can hit their near-term financial goals (think paying down debt) and invest in companies that do good for society — two uniquely millennial objectives.

6 Google is their answer key

Paging Dr Google. Millennial parents — a group The New York Times labelled ‘parennials’ — are less likely to turn to friends and family for advice than older generations. Instead, they search for answers themselves online.

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