What Do Millennials Want?

When looking at the desires of the average Millennial, there are several things to consider. Communication, travel, home-ownership, career, family, education are all important parts of life.

We are not like the generations before us. Nor will the generations after us be like us. All generations have similarities. We have gone through and will continue to go through some of the same things. The key differences between generations appear to be caused by two factors; time and technology.

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How do Millennials Communicate?

Most of us prefer text based communication. Email, text messaging, and various social media platforms.

I can’t speak for everyone, but I screen my calls and won’t answer anyone unless they are saved as a contact in my phone (and even then I might not answer), I am sure there are more Millennials who do this than any other generation.

I also wait until I have about 4 messages in my voicemail before I will even think about checking them. If you want to get a hold of me, text or email is definitely the quickest way.

Why is this? I am going to give my own personal reasons, and there are probably more causes.

  • I don’t know who is calling me, if it is important they will leave a voicemail or call back.
  • If they have the wrong number, they will figure that out from my voicemail.
  • I like having a record of everything said, especially important conversations. I don’t have the best memory and like being able to re-read conversations.
  • Phone calls can last a long time. Emails and texts tend to be really quick and to the point. I am busy and have no time for long phone calls.
  • Sometimes an awkward conversation needs to be had. Over the phone is not the way to do it. I would much rather save that for a face to face conversation.

I am sure there are several other reasons too. Feel the same way? Let me know down below.

Do Millennials Travel?

Yes.

I love travelling. Its is incredibly humbling and rewarding to learn about other cultures first hand. You may have heard that Millennials prefer experiences over material things. This is mostly true.

I can tell you that almost everyone I know has travelled to an unfamiliar location for a small or large amount of time. Some have moved across the country, others to foreign continents, and some spend a couple days here and a couple days there in an attempt to see it all.

A lot of Millennials want to enjoy their life before starting a family. We want to travel and experience adventure without children, before we get old. Don’t take that the wrong way, I absolutely intend to travel with my future children and when I am a little old lady. Travelling in your youth, with children, and during retirement will all be amazing and completely different experiences.

Which brings me to my next topic.

Do Millennials Want to be Home Owners?

This question is tough to answer. A lot of Millennials want to be home owners, but most of us fear the rising cost of homes. If you think about it, it makes sense to own a home as renting is basically throwing money away.

I do not own a home. Realistically I won’t for at least a few years, unless I wake up with a fortune tomorrow.

I have pulled the following from this article which is a little over a year old.

A new poll by CIBC (TSX:CM) suggests home ownership is just as important to millennials as it is to most Canadians.

The survey shows 86 per cent of millennials view home ownership as important even though 42 per cent of them are renting and 21 per cent live with their parents.

Overall, according to the poll, 85 per cent of Canadians consider home ownership a priority.

Of those, 63 per cent say it makes financial sense to build equity and save for retirement while 59 per cent of millennials in the 18-34 age group say home ownership provides a sense of personal freedom.

Conversely, 15 per cent of Canadians say home ownership is not important, with nearly half saying it’s too big of a financial burden

These statistics sound normal to me. Nothing ground breaking. People want to own homes. We all like being secure. It doesn’t matter what your age is.

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Do Millennials Value Education?

This has been something that I have felt conflicted with my entire life. I value education now, however when I was going to school, I didn’t really want to be there. I feel that you can advance in a company by showing initiative and learning on the job. I also see the value in going to school, but only in a career you desire.

More Millennials are highly educated than any other generation so far. How could we not? It is harder each year to find good work without a degree, and minimum wage is not enough to live off of. However. Post-secondary education is expensive. If you’re not sure what your career is going to be, you probably won’t pay for school.

With technology, we have so many more ways to learn too. I can learn just about anything with a quick google search. How many times have you asked a Millennial something and they have googled the answer in about 30 seconds?

When are Millennials Starting their Own Families?

Millennials are getting married later in life than previous generations. We are going to school longer, therefore getting married later, and then having children.

I remember kids being pregnant in high school or having babies right after they graduated. Some of these parents are now married or single parents, others are somewhere in the middle.

I consider myself fortunate to be 25 years old without children. I definitely want kids one day, once I can give them everything they need. The coolest clothes, a nice home in the suburbs, gymnastics, hockey, and whatever else they want to try. Being able to provide an adventurous life for my (future) children is so important to me.

Overall, Millennials value having a family, we are just getting started later than generations before us.

Do Millennials Want to have a Career?

I think most Millennials want a career. Compared to previous generations, Millennials are highly educated. We also won’t settle for a mediocre position. We may put up with something for a while, but as soon as a better opportunity surfaces, we take it.

It is hard to find a career that will support the dream to own a home. I don’t think I have ever had a job that pays more than $25000 a year. The ‘best’ jobs I have had were as a supervisor at a couple restaurants, but the hours and the pay were shit. Pardon my language.

We tend to look for multiple sources of income, I see this first hand quite often. The internet makes it so much easier to connect employers with employees. It makes it a lot harder to stand out and get hired. I have been a part of many resume searches, basically we pull the good resumes up on Facebook and determine who the best hire is before the interviews even happen.

Thanks again for reading. Let me know any feedback in the comments. Please like and subscribe to see more of me. Have a question? Ask me here.

 

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