Millennials Are Remaking America R U Ready? Morley Winograd - - PowerPoint PPT Presentation

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Millennials Are Remaking America R U Ready? Morley Winograd Michael D. Hais Colorado Water Congress January 31, 2013 Millennials Will Increasingly Dominate the Adult Population of America in This Decade 99% 100% 90% 80% 80% 70% 61%


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Millennials Are Remaking America R U Ready?

Morley Winograd Michael D. Hais

Colorado Water Congress January 31, 2013

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Millennials Will Increasingly Dominate the Adult Population of America in This Decade

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 2008 2010 2012 2016 2020 41% 51% 61% 80% 99% 17% 20% 24% 30% 36%

Percentage of Adults over 18 Millennial Contribution to Adult Population

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Defining A Generation

Common Location in History. Common Beliefs and Behaviors. Perceived membership in a common generation. The aggregate of all people born over about 20 years (one phase of life), who share: Distinctive behaviors created by: Changes in child-rearing approaches. Events experienced during maturation. Changes in communication technologies. Create 80+ year cycle of four distinct archetypes

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Civic (GI or Greatest Generation, 1901-1924) Adaptive (Silent Generation, 1925-1945) Idealist (Baby Boomers, 1946-1964)

  • Strongly adhere to their own personal values.
  • Won’t compromise on fundamental questions of

right and wrong.

  • Use ideals as the driving force to provide meaning

in their lives.

  • Independent dividers.

Four Generational Archetypes Cycle through History

Image: Iris Friedheirm (Flickr)

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Hollywood’s Coming of Age Movies Often Capture Generational Change

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Civic (GI or Greatest Generation, 1901-1924) Adaptive (Silent Generation, 1925-1945) Idealist (Baby Boomers, 1946-1964) Reactive (Gen X, 1965-1981)

  • React AGAINST what came before and reject

almost all of it.

  • Cynical, anti-institutional young people.
  • Entrepreneurial risk-takers in mid-life.

Image: (c) 2009 JupiterImages Corp

Gen X Rejected Boomer Lifestyle Completely

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“Ferris Buehler’s Day Off” Captured their Rejection

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Gen-X Childhood in Movies

1964 Children of the Damned 1967 Rosemary’s Baby 1973 The Exorcist 1974 It’s Alive! 1976 Look What’s Happened to Rosemary’s Baby 1976 The Omen 1976 Carrie 1977 Exorcist II: The Heretic 1977 Eraserhead 1978 It Lives Again 1978 Damien—Omen II 1978 Halloween 1979 The Brood 1980 The Children 1981 The Final Conflict 1981 Halloween II 1984 Firestarter 1984 Children of the Corn 1988 Child’s Play

There is only one thing wrong with the Davis baby…..

Its Alive

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Civic (GI or Greatest Generation, 1901-1924) Adaptive (Silent Generation, 1925-1945) Idealist (Baby Boomers, 1946-1964) Reactive (Gen X, 1965-1981) Civic (Millennial Generation, 1982-2003)

  • Partisan unifiers.
  • Upbeat, optimistic, group-oriented.
  • Building new institutions using social network

technology.

Image: johsson, shanda.w (Flickr)

Millennials are Today’s Civic Generation

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Millennial’s Parents

  • The Baby Boomers chose to become older

parents in the 1980s while Gen X moms reverted back to the earlier birth-age norm, which meant that two generations were having babies.

  • Boomers rebelled against the parenting practices
  • f their parents.
  • They made conscious decisions not to say

“because I told you so” or “because I’m the parent and you’re the child.”

  • Strict discipline was the order of the day for

Millennial parents.

  • They became friends with their children.
  • They explained things to their children,

actions, consequences, options, etc.) – they wanted them to learn to make informed decisions.

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Note how Different Father/Daughter Relationship is in “Devil Wore Prada”

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Millennial Childhood in Movies

1982 E.T The Extra-Terrestrial 1986 Aliens 1987 Three Men and a Baby 1987 Raising Arizona 1987 Baby Boom 1989 The Little Mermaid 1989 Look Who’s Talking 1989 Parenthood 1990 Look Who’s Talking Too 1990 Home Alone 1991 Little Man Tate 1993 Three Men and a Little Lady 1993 Searching for Bobby Fisher 1994 The Lion King 1994 Angels in the Outfield 1997 Liar Liar 1998 Rugrats: The Movie 1999 Big Daddy 1999 The Iron Giant 2000 My Dog Skip 2001 The Princess Diaries 2002 Spy Kids 2001 Monsters, Inc. 2001 Harry Potter 2002 Big Fat Liar 2002 About a Boy

They changed her

  • diapers. She changed

their lives . . .

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There are now:

  • Ten million more

Millennials alive than Baby Boomers.

  • Almost twice as

many Millennials as there are members of Generation X.

US Birth Rates Over Time

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Percent of U.S. Population That Is African American, Hispanic, Asian Pacific Islander, American Indian, and Other; By Age – December 2004

0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50%

1 6 11 16 21 26 31 36 41 46 51 56 61 66 71 76 81 86 91

Current Population Survey, U.S. Census Bureau, Dec. 2004

  • Millennials
  • Generation X
  • Baby Boomers
  • Silent & GI Generations

The Millennial Generation is the Most Diverse in American History

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By 2016, women are projected to earn:

  • 64 percent of associate’s

degrees

  • 60 percent of bachelor’s

degrees

  • 63 percent of master’s

degrees

  • 56 percent of doctorates

Millennials Have the Most Gender Neutral Attitudes in History

Image: m00by(Flickr)

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  • Special—Just ask their “baby on board,” mini-van driving parents.
  • Sheltered—Thanks to most sweeping youth safety movement in history.
  • Confident—Highly optimistic, they boast about their generation’s power and

potential.

  • Team-Oriented—Barney and school teaches them to be team players and bond

with their peers.

  • Achieving—Best behaved generation in decades.
  • Pressured—Pushed to study hard, avoid risk. Everyone gets a trophy. No

Winners.

  • Conventional—More comfortable with their parent’s values than any other

recent generation, they support the idea that social rules help.

The Millennial Generation is….

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All of this positive upbringing shaped the behavior and attitudes of the Millennial Generation.

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4.06% 4.20% 4.32% 4.34% 5.01% 5.04% 5.14% 5.76% 6.59% 6.63% 7.67% 7.89% 8.90% 12.74% 19.67%

0% 5% 10% 15% 20%

Electronic Arts Peace Corps NASA Teach for America Nike CIA Sony Microsoft FBI Amazon Disney State Dept. Facebook Apple Google

Millennials' Ideal Employers

Source: Universum /The US Professional Survey 2011

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0% 10% 20% 30% 40% 50% 60% 70%

Yes Because of human activity Because of natural patterns Don't know No Mixed/Don't know

64% 43% 18% 3% 28% 8%

Total Millennial Gen X Boomer Silent

Generational Gap in Views on Global Warming

Pew Research Center Feb 22-Mar 1, 2011

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0% 10% 20% 30% 40% 50% 60%

Total Millennial Gen X Boomer Silent

53% 57% 57% 54% 40% 39% 35% 37% 40% 49%

Are worth the cost Cost too many jobs and hurt the economy

Stricter Environmental Laws and Regulations Are Worth the Cost

Pew Research Center Feb 22-Mar 1, 2011

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Source: Pew Research Center March 2011

Millennials Are More Favorable Toward Government Regulation of Business Than Older Generations

38% 40% 42% 44% 46% 48% 50% 52%

Government regulation of business necessary to protect public interest Government regulation of business usually does more harm than good

51% 43% 46% 46% Millennials Older Generations

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Source: Pew Research Center March 2011

Millennials Are More Favorable to “Big Government” Than Older Generations

0% 10% 20% 30% 40% 50% 60%

Favor smaller government, fewer services Favor bigger government, more services

39% 54% 53% 39% Millennials Older Generations

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Love Does Not Equal Marriage

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Important Priorities of Millennials

Pew 2010

0% 10% 20% 30% 40% 50% 60%

Being a good parent Owning their own home Having a successful marriage 52% 30% 20%

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Millennials’ Lifestyle Choices

“Ideal” Place to Live

0% 5% 10% 15% 20% 25% 30% 35% 40% 45%

Big City Suburbs Small City Country 17% 43% 17% 17% 9% 31% 27% 29% Millennials Older Generations

National Survey by Frank N. Magid Associates

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10,000,000 20,000,000 30,000,000 40,000,000 50,000,000

2000 2005 2010 2015

Burdened With Student Debt, Millennials Are More Able to Rent than Buy

30% 32% 34% 36% 38% 40% 42% 44% 46% 48% 50%

Homeownership Rate for 25 to 34 Year Olds Total Renter Households

Source: U.S. Census Bureau

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Coming Next: The Multi-Generational Household Boom

66% of Millennials, (in contrast to about 50% of

Boomers and 33% of Silents), believe it is a responsibility

  • f adult children to allow an elderly parent to live with

them.

70% of survey respondents are considering

the possibility of accommodating extended family in their next home purchase

19% said that they certainly will — with

children 18 years of age and older the primary beneficiary of parental largesse.

Pew Research Center — 2012 Consumer Insights Survey of over 20,000 respondents

41% of adults ages 25 to 29 currently live with or have

moved back in with their parents temporarily because of the

  • economy. 17% of 30 to 34 year-olds also fall into this category
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Baby by Boom

  • om ers

Gen ener erat ion X Millennials Con

  • nt ribut ion
  • n

t o t o t h t he W or

  • rkplace

 Inspiration  Motivation  Values  Creativity  Bottom-line

  • rientation

 Taking risks Teams Technology Consensus

The Challenge and Opportunity of Three Generations

  • Challenge: blend the best of each generation
  • The Key: become aware of and put aside

your own generational biases, and be able to work collaboratively with other generations.

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Millennials Are Remaking America Are You Ready?

Ways to stay connected: Email: mikeandmorley@gmail.com LinkedIn: Mike Morley Facebook.com/mikeandmorley Twitter: @mikeandmorley www.mikeandmorley.com