Millennials have been accused of being the laziest generation yet. They are labeled narcissistic, impatient, entitled and disrespectful. Although many believe this, the statistics say otherwise.
According to the Pew Research Center one in three American workers today are Millennials. This year, the Millennial Generation surpassed Generation X as the largest share of the American workforce. This proves that young people are focused and hardworking.
Not only do Millennials work hard they also save hard. They are leading a new era of financial conservatism. Millennials are confident about their ability to save and diligent about their budgets. 56 percent of Millennials believe they are “good savers” and many rely heavily on banking and financial apps to help do so. They have turned to their phones to aid them in tracking their spending.
The accusations of laziness and labels of narcissism are nothing new. Each generation before has faced similar claims, the only difference is that the Millennial Generation is actually evolving. They have adapted and learned how to cope with debt and they are preparing for a better future much earlier on.
As a brand, it can be difficult to reach a generation that is unwilling to spend. On The Fresh we have explored how to craft a campaign that appeals to Millennial Women and the African American Millennial Man. Although specific, this background knowledge can help your brand become a staple to the Millennial Generation. The hard workers and savers will view your brand as worth investing in every time.