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Last year I wrote a blog about a 60 minute segment calling Millenni...’ve read blog posts around the web calling Gen Y selfish, unreliable, and not having a sense of loyalty.
However, Viacom released a new study disproving what many thought about my generation:
1. They use technology to create a stronger sense of self.
Technology doesn’t define who they are but it enables them to be more of who they already are. They view technology as a tool to reach out to new people, maintain their current friendships and be happier. In the study, they found that 75 percent of millennials believe that social media has a beneficial effect on relationships with friends. In addition, 73 percent of millennials think about the world differently because of how they are currently using the Internet.
2. They have more pride and loyalty than you would think.
Millennials have a horrible reputation of job-hopping and disloyalty to employers and brands. This isn’t true as long as the brand understands them and caters to them in a unique way. The study also found that they have a strong sense of national pride and interest in maintaining local traditions. They are the most diverse generation, which can also explain why they are more tolerant of other people, countries and cultures. 83 percent of millennials are more proud of their nationality this year as opposed to in 2006, which was at 77 percent.
Millennials have been through a horrible recession. Many are unemployed or underemployed (working in retail) and have student loans to pay back. The economy has made it difficult for them to get a head start on their careers and many have had to wait years to attain a professional position. Unemployment is the hottest issue for millennials, even more so than world hunger. Half of millennials believe that job security will continue to get worse and 78 percent would rather have a minimum wage job than no job at all.