Making Your Mark With The “Millennials” Generation Y--The second-largest crop of young people in America's history, offspring of the Boomers—80 million of them, nearly 27 percent of the U.S. population—are in their late teens and 20s, and already a market force to be reckoned with.
The Millennials are here big time! “They’re demanding their own music, defining their own trends and starting to matter to advertisers, to retailers, to politicians,” chirped a recent Chicago Tribune editorial. What’s more, they are (or soon will be) buying cars and homes, getting married, starting families--and are going to matter very much to American business.
Neo-traditionalist in many ways, the Millennials are not cynical about marriage and having families. These young people value such intangibles as personal fulfillment, family well-being, freedom, security—lives on track. As a result, count on the Millennials to step up to the issues and needs most of us have no matter which generational cohort, market segment, or stage of life we're in. “They don't want to make the mistakes of either Generation X or the Boomers, to wait until the panic stage to have babies,” writes columnist, Suzanne Fields.
A High Dose of Reality
But no matter how great their marketing potential, Millennials with ground-floor incomes may be struggling to negotiate rent and other living expenses on top of college loans that the Christian Science Monitor estimates average $17,000. Or they may still be living with Mom and Dad!
So all is not a bed Details...
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