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Global Scans · Generation Y (Millennials) · Weekly Summary


WHAT'S NEXT?: Gen Y (also known as Millennials) are formed by the digital revolution that determined their childhood. Gen Y is going to continue finding newer digital avenues to explore. A remarkable 91% of Gen Y workers don't expect to stay in a job for longer than three years.

  • [New] Edelman Data & Intelligence's study highlights how highly educated professionals, especially Gen Z and Millennials, are increasingly exploring freelancing opportunities. Yahoo Finance
  • 76% of Millennials and Gen Z respondents say they plan to take a solo trip in 2024. TTRWeekly
  • Meeting multi-generation expectations: By 2025, Millennials and Gen Z will comprise 64% of the workforce. Intelligent CXO
  • In 2015, passengers within the Generation X bracket held the highest share of airline travel spending, with a share close to 40%; by 2035, millennials will account for the highest share in airline expenditure. Statista
  • At the same time 44% of consumers around the world (and 60% of Gen Zers and millennials) plan to splurge, particularly on items which are experimental or deliver instant gratification. Bakels
  • By 2025, more than 60% of the global workforce will comprise millennial and Gen Z employees who prioritize continuous skills development and meaningful growth opportunities at work. BusinessMirror
  • Predominantly the offspring of millennials, their immediate forerunners, Generation Z, are projected to surpass Baby Boomers in the workforce by 2024, as noted by Glassdoor. Dataconomy
  • The vast majority of RV purchasers are millennials, and 2024 expects to see more Gen Z pick up the RV lifestyle. RV PRO
  • The proportion of births born to Millennial women will steadily decline, falling below 75% of all births in 2023, below 50% of all births in 2028, below 25% of all births in 2032, and below 10% of all births in 2035. Institute for Family Studies
  • The majority of the workforce in the next 10 to 20 years will be digital natives, led by Generation Z and supported by a mature Millennial generation. Digital News Asia
  • Millennials and Gen Z will become the beneficiaries of the greatest wealth transfer in history over the next two decades. Accenture
  • With the last of Baby Boomer generation approaching retirement, Millennials are set to become the primary beneficiary of the Great Wealth Transfer, which will see older generations pass on wealth of $100 trillion through inheritances. Galaxy
  • In America, $84 trillion of wealth is expected to be passed down from older Americans to millennial and Gen X heirs through 2045, with $16 trillion transferred by 2033. Forbes
  • BNPL will continue its upward growth Younger consumers such as millennials, Gen Z, and Gen Alpha, with a relaxed attitude towards credit, will continue to drive the upward growth of Buy Now Pay Later in Europe, and elsewhere. Novalnet
  • Over half of Gen Z investors said they expect to invest more in stock-related investment in 2023 than last year, compared to 43% of millennials, 19% of Gen Xers, and 9% of boomers. Fortune
  • Gen Z will spend 56% more on gift cards in 2023 than last year - much higher than the 19% rise for millennials, 25% rise for Gen X and 9% rise for Baby Boomers. Modern Retail
  • Millennials and generation Z are spending more on music than other age groups and that global music revenue will reach US$ 155 billion by 2030.246 30% of young Southeast Asians are using music streaming services daily. Australian Policy Online
  • By 2045, $72 tn of wealth will be passed from Baby Boomers and the older members of Gen X to Millennials. LocalGlobe Notes
  • We are on the cusp of a huge generational transfer taking place, with an estimated $84 trillion projected to be passed down from older Americans to Millennial and Gen X heirs through 2045, with $16 trillion expected to be transferred within the next decade. Traders Magazine
  • Gen Alpha are the children of millennials and the older end of Gen Z, and are expected to reach some 2.2 billion globally by 2024. Digiday
  • In the next 10-15 years, the financial markets and economy will be significantly impacted by three major forces: (1) Millennials, Generation Z, and artificial intelligence. investing.com

Last updated: 24 March 2024



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