the millennial generation: are higher education and the workforce ready for them? central piedmont...

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The Millennial Generation: Are Higher Education and the Workforce Ready for Them? Central Piedmont Community College Center for Applied Research Bobbie Fields Terri Manning Cheryl Roberts A Study Funded by the Workforce Development Board

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The Millennial Generation:Are Higher Education and the Workforce Ready for Them?

The Millennial Generation:Are Higher Education and the Workforce Ready for Them?

Central Piedmont Community CollegeCenter for Applied Research

Bobbie FieldsTerri Manning

Cheryl Roberts

Central Piedmont Community CollegeCenter for Applied Research

Bobbie FieldsTerri Manning

Cheryl Roberts

A Study Funded by the Workforce Development BoardA Study Funded by the Workforce Development Board

Some Say More Numerous…Some Say More Numerous…

As the Baby Boomers begin to swell to the ranks of 50 somethings, look for a bulge at the other end of the spectrum-The Millennials.

The Millennials are almost as large as the baby boom-some say larger-depending on how you measure them.

Demographers vary on exactly when the millennial cohort begins and ends.

The Echo Boom/Millennials…The Echo Boom/Millennials…

Much is expected of the children born between 1982 and 2000, a cohort variously called :

Generation Y Echo Boom

Net GenerationMillennials

Demographic Explanations for the ‘Echo Boom’

Demographic Explanations for the ‘Echo Boom’

The Baby Boomers had a “bounty” of babies…choosing to become older parents in the 1980s.

Gen X moms reverted back to the earlier birth-age norm.

The ‘echo boom’ can be compared to the original baby boom in that most generations were having babies.

The baby boom is attributed to economic and military crises that caused GIs to delay having their babies, whereas a cultural upheaval caused the Boomers to delay having their (Millennial) babies.

Demographic Explanations (cont.)Demographic Explanations (cont.)

• In 1989, 29 percent of the 4.4 million live births were to women aged 30 and older.

• Birth rates among some age groups continued rising after baby boomlet peaked in 1990.

• From 1981 to 1997 the fertility rate of women aged 45–49 rose by 88%.

Demographic TrendsDemographic Trends

Millennials have older parents: Average age of mothers at birth at an all time high of 27 in 1997.

Smaller families.

More firstborns: Only children will comprise about 10% of population.

More parental education: 1 in 4 has at least one parent with a college degree.

Kids born in the late ‘90s are the first in American history whose mothers are better educated than their fathers by a small margin.

Demographic Trends DiversityDemographic Trends Diversity

Millennials have become the most racially and ethnically diverse generation in US History.

Nearly 35% of Millennials are nonwhite or Latino.

Latinos are the largest minority group (16%) followed by blacks (14%) making this the first generation in US history in which blacks are no longer the largest of all racial and ethnic minorities.

Ethnically DiverseEthnically Diverse

64.6

14.9

0.94.2

15.2

0

10

20

30

40

50

60

70

Shown as a percent of the cohort

WhiteBlackAmer IndAsianHispanic

TechnologyTechnology• This generation has been

plugged in since they were babies.• They grew up with educational

software and computer games.• They think technology should be free.• They want and expect services 24/7.• They do not live in an 8–5 world.• They all have cell phones and

expect to be in contact 24/7.

Safety IssuesSafety Issues

The Safest Generation• This generation was buckled up in

car seats, wore bike helmets, elbow and knee pads when skating, and were the inspiration for “Baby on Board” signs

The Well-Being of U.S. Teens• Mortality Rate for US teens aged 15–

19 declined from 1960 to 1997-Teens are having fewer accidents than Boomers

GenerationsGenerations

Each generation is not a linear extension of

the one before

Each generation is shaped by the

events and culture into which it is

born

Each generation approaches

life stages in different ways

When Generations Collide…When Generations Collide…• Suggests that a fundamental challenge that American

businesses face is the generational collision, leading to hiring challenges, skyrocketing turnover rates, communication “conundrums”, “plummeting morale” caused by generational conflicts in the workplace.

• For example, generational issues influence how we would want to handle company policies and procedures. Unless all the generations are included in the discussion, some people may be treated unfairly. It’s important to know that you’re being responsive and fair to everyone’s needs.

• Today there are four distinct generations glaring at one another from across the conference table, and the potential for conflict and confusion has never been greater.

The Veterans 1922–1943The Veterans 1922–1943Core ValuesDedicationHard WorkConformityLaw and OrderPatienceDelayed RewardDuty Before PleasureAdherence to RulesHonor

Core ValuesDedicationHard WorkConformityLaw and OrderPatienceDelayed RewardDuty Before PleasureAdherence to RulesHonor

Important EventsLindbergh Completes First Transatlantic FlightStock Market CrashDepressionThe New DealSocial SecurityPearl HarborFDR DiesKorean War

Important EventsLindbergh Completes First Transatlantic FlightStock Market CrashDepressionThe New DealSocial SecurityPearl HarborFDR DiesKorean War

Kewpie Dolls, Mickey Mouse, Flash Gordon, Radio, Wheaties,Tarzan, Jukeboxes, Blondie, The Lone Ranger, McCarthyKewpie Dolls, Mickey Mouse, Flash Gordon, Radio, Wheaties,Tarzan, Jukeboxes, Blondie, The Lone Ranger, McCarthy

Cultural MemorabiliaCultural Memorabilia

The Baby Boomers 1943–1960The Baby Boomers 1943–1960Core ValuesOptimismTeam OrientationPersonal GratificationHealth and WellnessPersonal GrowthYouthWorkInvolvement

Core ValuesOptimismTeam OrientationPersonal GratificationHealth and WellnessPersonal GrowthYouthWorkInvolvement

Important EventsRosa ParksFirst Nuclear Power PlantThe Civil Rights ActCuban Missile CrisisJohn GlenMartin Luther King Leads March on Washington, D.C.President John Kennedy assassinatedNational Organization for Women FoundedMartin Luther King and Robert F. Kennedy assassinated

Important EventsRosa ParksFirst Nuclear Power PlantThe Civil Rights ActCuban Missile CrisisJohn GlenMartin Luther King Leads March on Washington, D.C.President John Kennedy assassinatedNational Organization for Women FoundedMartin Luther King and Robert F. Kennedy assassinated

“The Ed Sullivan Show,” Fallout Shelters, Poodle Skirts and Pop Beads, Slinkies, TV Dinners, Hula Hoops,The Peace Sign, “Laugh In”“The Ed Sullivan Show,” Fallout Shelters, Poodle Skirts and Pop Beads, Slinkies, TV Dinners, Hula Hoops,The Peace Sign, “Laugh In”

Cultural MemorabiliaCultural Memorabilia

The Gen Xers 1960–1982The Gen Xers 1960–1982Core ValuesDedicationHard WorkConformityLaw and OrderPatienceDelayed rewardDuty before pleasureAdherence to rulesHonor

Core ValuesDedicationHard WorkConformityLaw and OrderPatienceDelayed rewardDuty before pleasureAdherence to rulesHonor

Important EventsWomen’s Liberation ProtestsWatergate ScandalEnergy Crisis beginsTandy and Apple market PCsMass Suicide in JonestownThree Mile IslandUS Corporations begin Massive LayoffsIran Hostage CrisisJohn Lennon shot and killedRonald Reagan inauguratedChallenger disasterExxon Valdez Oil Tanker Spill

Important EventsWomen’s Liberation ProtestsWatergate ScandalEnergy Crisis beginsTandy and Apple market PCsMass Suicide in JonestownThree Mile IslandUS Corporations begin Massive LayoffsIran Hostage CrisisJohn Lennon shot and killedRonald Reagan inauguratedChallenger disasterExxon Valdez Oil Tanker Spill

“The Brady Bunch,” Pet Rocks, Platform Shoes, “The Simpsons,” “Dynasty,” ET, Cabbage Patch Dolls“The Brady Bunch,” Pet Rocks, Platform Shoes, “The Simpsons,” “Dynasty,” ET, Cabbage Patch Dolls

Cultural MemorabiliaCultural Memorabilia

Millennials: What Are the Defining Moments? Millennials: What Are the Defining Moments?

ColumbineWar in KosovoOklahoma City BombingPrincess Diana’s DeathClinton Impeachment TrialOJ Simpson TrialRodney King RiotsLewinsky ScandalFall of Berlin WallMcGuire-Sosa Homer Derby

In the Virginia statewide poll of 655 members of Class 2000, events that made the biggest impact or impression on the class of 2000 (Millennials):

Important Economic EventsImportant Economic Events

The Millennial childhood coincides with the most “monumental” financial boom in history. - Unemployment and inflation rates fell to historical lows not seen since the early 1960s.

Millennials have the best-educated moms in US history.

Millennials wish their parents were not so stressed out about work.

PoliticsPolitics

Millennials will vote more.

The election crisis of 2000 produced strong feelings about the need for political reform:

Believe there should be a uniform and consistent method to count votes.

Agree that their vote matters.

Concerned with the political leadership.

They are confident and civic minded and will use their confidence to influence society in largely positive ways.

Millennials Want to Learn

Millennials Want to Learn• With technology

• With each other• Online• In their time• In their place• Doing things

that matter

Source: Achievement and the 21st Century Learner.Source: Achievement and the 21st Century Learner.

12th Graders Views of School12th Graders Views of School

Source: The Condition of Education 2002, National Center for Education Statistics.

Per

cen

t

School work is meaningful

Courses are interesting

School will be important in later life

40

3136

28

3529

2421

51

41

47

39

198319901995

2000

010

20

30

40

50

60

How are Millennials doing in school?How are Millennials doing in school?

• Teachers report that students are doing better academically.

• The largest gains have been in math and science for ages 9 and 13.

• Millennials have corrected a late 80s decline in writing proficiency.

• Reading scores show modest gains through the 90s.

Millennial Births in MillionsMillennial Births in Millions

1.92

1.98

1.92

1.98

1.94

1.91

1.84

1.96

2.01

1.87

1.84

1.86

1.84

1.851.86

1.911.9

1.911.9

1.86

1.91

1.94

2.05

1.92

1.951.931.93

1.941.941.95

1.992.01

2.03

2.07

2.15

2.09

2.01

1.982

2.032.02

2.06

1.8

1.85

1.9

1.95

2

2.05

2.1

2.15

2.2

Girls

Boys

Boomer and Millennial BirthsBoomer and Millennial Births44.14.2

4.34.34.24.24.34.24443.83.8

3.63.63.53.7

3.3

3

3.5

4

4.5

Baby Boomers

3.8

3.8

3.8

3.8

3.8

3.93.94

4.1

3.9

4.24.1

3.9

3.93.93.9

3.8

3.94

3

3.5

4

4.5

Millennials

College Full-time Enrollments in MillionsCollege Full-time Enrollments in Millions

0

1

2

3

4

5

6

freshmen girls

Sophomore girls

junior girls

senior girls

freshmen boys

sophomore boys

junior boys

senior boys

First Millennial College Graduates Spring 2004 --- Peak Enrollment 2010

Parental Care in the Millennial EraParental Care in the Millennial Era

• Today’s typical family is spending more, not less, time with kids.

• Smaller families mean more time with each child.

• Fathers are spending more time with children.

• Less housework is being done.• There is a strong connection

between the social lives of parents and kids.

ValuesValues

Get along with their parents

Source: Millennials Rising: the Next Great Generation.Source: Millennials Rising: the Next Great Generation.

96%96% Think it is cool to be smart

80%80%

75%75%

Share their parents values

MulticulturalismMulticulturalism

• Attitudes reflect an interest in and acceptance of diversity in all areas of life in the private realm and public arena.

• Belief the possibility exists for a black president in the next 20 years (50% of students in 2001 Lifestyle and Media Monitor) and 58 percent think there will be a female president.

• Diversity prevails: Millennial kids are used to a wide range of global viewpoints.

• Tolerant of cohabitation, single parenting and extended families; different sexual orientations.

Millennials in the WorkplaceMillennials in the WorkplaceDiversity: They will demand and expect that

the workforce be diverse and will be attracted to companies that genuinely attract diverse

groups of people from all over the world.

They will not limit diversity to just race, ethnicity or even gender, but will define and expand the meaning of diversity by “thinking

style, educational background, geographic location, generation, lifestyle, avocation, sexual orientation, work experience and

more.”

AmbitionsAmbitions Most popular college majors:• Medicine• Education/teaching• Business and

marketing

• Engineering• Law and

politics• Computer

science Most sought after qualities in careers:

• Responsibility• Independence• Creativity

• Idealistic and committed co-workers

Most common job trends :

• Multi-taskers• Change Careers

• Seek security & benefits

• Stay with company that offers a challenge

Source: Industry Week, March, 1998.

True Multi-taskersTrue Multi-taskers• Millennials have lived programmed lives

that make them true multi-taskers. They are already quite capable of learning several jobs simultaneously and performing them admirably.

• “Futurists” predict that Millennials will change careers as many as ten times. That means retooling, recycling their skills and talents. Smart employers will recognize this and try to encourage Millennials to try out different careers within the same company.

• With the right kind of challenge, opportunity, security and benefits package, Millennials are likely to stay with the company.

Work AtmosphereWork Atmosphere• Millennials expect to work and have fun at the

same time…they expect work to be fun. • They have witnessed their baby boom

parents coming home from stressed jobs, exhausted, falling asleep at the dinner table; and don’t want that for themselves.

• Employers need to instill a sense of play and fun in the work atmosphere. It helps morale and employees get to know each other better.

Flexible SchedulesFlexible Schedules

• Millennials are the most scheduled generation ever and successful employers will have to find ways to offer flexible scheduling.

• Employers have learned from the booming service sector, where Millennials are working while in school, that flex scheduling is needed if you want to retain Millennials and get them to show up for work.

Challenging MillennialsChallenging Millennials• In the eyes of the Millennials, the opportunity

to pursue parallel careers might be the characteristic that attracts them to the company.

• Changing jobs is something that Millennials will see as a natural process and part of their daily schedules. They might work in accounting 3 days a week and marketing the other 2.

• The challenge in retaining them will be in challenging them and providing learning, direction, stimulation and the ability to be involved.

Baby Boomer Parents have been their Biggest CheerleadersBaby Boomer Parents have been their Biggest Cheerleaders

• Millennials expect and need praise.

• Will mistake silence for disapproval.

• Millennials expect feedback.

Orienting MillennialsOrienting Millennials• It needs to be communicated

to them how their work fits into the future scheme of the company.

• Training Millennials with their multitasking skills and technological savvy will push training to new levels of technology and fun at the same time.

• Millennials will respond well to experiential learning where they are allowed to come up with their own solutions.

HighlightsHighlights Possible contributions to

the economy and society. The echo boom is 80 million

people strong, displays a strong work ethic, and is technologically savvy.

Millennials will create a new culture of work, characterized by more independence in the work force.

Many of them will become entrepreneurs.

2004 Research Study2004 Research Study• Central Piedmont Community College’s Center

for Applied Research was contracted to do this study by the Workforce Development Board.

• Student Populations Selected (N=1,521)– Millennials from UNC Charlotte (N=739)– Millennials from Central Piedmont Community

College (N=410)– Millennials from Johnson C. Smith University

(N=129)– Non-millennials (N=194)– Data collected January–March 2004– Focus Groups were conducted– An Online Survey was administered

Demographics of Millennials in SampleDemographics of Millennials in Sample

• White (n=847)• Black/African American (n=212)• Hispanic/Latino (n=55)• Asian/Pacific Islander (n=68)• Native American/Alaskan (n=34)• Other (n=62)

Age of ParentsAge of Parents• Father • Mean=49.3 (range 34–75) 47% were over

50• Means: UNCC – 48.8

JCSU – 49.1CPCC – 49.6

• Mother • Mean=46.6 (range 32–67) 29% were over

50• Means: UNCC – 46.0

JCSU – 45.5CPCC – 47.1

What do you look for in FacultyMillennials (three populations)What do you look for in FacultyMillennials (three populations)

Percent Who Agree

UNCCUNCC JCSUJCSU CPCCCPCC

• Enthusiastic about the course/teaching 91.7% 82.9% 82.7%

• Are fun to be around 83.2% 70.5% 81.5%

• Provide intellectual challenges 67.3% 77.5% 66.3%

• Have flexible class policies 62.1% 58.1% 65.6%

• Are sensitive to your needs/feelings 67.1% 56.6% 60.0%

• Emphasize preparing for future career 56.0% 74.4% 54.6%

• Emphasize living up to moral principles 40.5% 40.3% 35.6%

• Are likely to talk about politics 13.7% 17.1% 14.4%

• Are strict/hard graders 4.5% 5.4% 5.6%

Working in TeamsWorking in Teams

How do you feel about working in teams?

UNCCUNCC JCSUJCSU CPCCCPCC

• I like it 37.7% 54.3% 54.4%

• Have no feelings about it

26.0% 29.1% 24.7%

• I don’t like it 35.3% 16.5% 20.9%

Working in TeamsWorking in Teams In the classroom, do you do the

following? 1=never2=rarely3=sometimes

4=oftenUNCCUNCC JCSUJCSU

CPCCCPCC• Are given “team grades” on

working with others 2.56 2.242.84

• Write papers/do projects with others 2.36 2.06 2.61

• Study/do research in teams 2.34 1.97 2.49

Comparing Yourself to People Your Parents Age…..Comparing Yourself to People Your Parents Age…..

When your generation is your parents’ age, will you take more (3), about the same (2) or less interest (1) in:

UNCCUNCC JCSUJCSU CPCCCPCC

– New Technology? 2.65 2.56 2.65– Voting and Government? 2.27 2.50 2.28– Reading and the Arts? 2.14 2.33 2.20

What Will You Do After Graduating by Percent?What Will You Do After Graduating by Percent?

UNCCUNCC JCSUJCSU CPCCCPCC

• Immediately get a job

42.9% 34.1% 42.7%

• Continue my education

34.2% 54.8% 27.5%

• Take some time off 5.3% 2.4% 3.8%• Marry/start a family 5.2% 1.6% 7.3%• Not sure 10.2% 4.0% 12.8%

Careers They Plan to Pursue (most selected of 27 listed)Careers They Plan to Pursue (most selected of 27 listed)

85

59

57

56

52

50

147

138

127

0 50 100 150 200

Nursing

Business/ Marketing

Teaching

Law

Accounting/ Finance

Psychology

Computer/ Technology

Engineering

Medicine

Career FieldCareer Field

How likely do you think it is that your first job out of college will be in your career field?

UNCCUNCC JCSUJCSU CPCCCPCC

• Very Likely 42.7% 26.2%41.9

%

• Somewhat Likely 37.0% 47.6%39.1

%• Not Likely/Not Sure

20.3% 26.2%19.0

%

Salary ExpectationsSalary ExpectationsRealistically, what do you expect

your starting salary will be when you begin working?

UNCCUNCC JCSUJCSU CPCCCPCC

• $15-20K 7.4% 10.3% 7.3%• $21-30K 30.9% 25.4% 27.6%• $31-40K 27.2% 27.8% 26.3%• $41-50K 15.9% 15.9% 15.9%• $50K+ 7.4% 9.5% 5.6%• Not sure 10.6% 11.1% 16.5%

In all three groups, 60-65% felt they would earn $40K or lessIn all three groups, 60-65% felt they would earn $40K or less

Importance of Career ComponentsImportance of Career ComponentsHow important are the following

components to your career?1 = not important2 = somewhat important3 = very important

UNCCUNCC JCSUJCSU CPCCCPCC

• Being respected on the job

2.87 2.94 2.86

• Opportunity for professional development

2.74 2.78 2.76

• Ability to have an impact on the world

2.56 2.53 2.55

• Access to information and expression of opinions

2.48 2.54 2.49

• Having high job prestige

2.37

2.55

2.47

Importance of Career ComponentsImportance of Career Components

How important are the following components to your career?

1 = not important2 = somewhat important3 = very important

UNCCUNCC JCSUJCSU CPCCCPCC

• Working with inspiring colleagues 2.39 2.39 2.39

• Geographic location of job 2.44 2.44 2.44

• Receive guidance & direction from supervisor

2.34 2.34 2.34

• Participating in company decisions 2.44 2.44 2.44

• Independence/professional autonomy

2.35 2.35 2.35

Importance of Career ComponentsImportance of Career Components

How important are the following components to your career?

1 = not important2 = somewhat important3 = very important

UNCCUNCC JCSUJCSU CPCCCPCC

• Using creativity on the job 2.28 2.46 2.43

• Lots of responsibility 2.21 2.35 2.27

• Flexible work hours 2.18 2.34 2.30

• Dress code appropriate to work environment

2.05 2.24 2.06

Importance of Job BenefitsImportance of Job Benefits How important are the following benefits?

1 = not important2 = somewhat important

3 = very important

UNCCUNCC JCSUJCSU CPCCCPCC

• Health Insurance 2.89 2.96 2.89

• Salary Growth 2.88 2.96 2.89

• Plans like 401K 2.72 2.85 2.73

• Life Insurance 2.77 2.89 2.70

• Bonuses 2.63 2.72 2.64

• Employer-paid Retirement 2.52 2.75 2.58

• Stock Options 2.13 2.25 2.21

• Profit Sharing 2.03 2.25 2.44

Jobs in LifetimeJobs in Lifetime

How many jobs do you think you will hold in your lifetime?

UNCCUNCC JCSUJCSU CPCCCPCC

• 1–3 40.3% 32.8% 28.4%

• 4–6 40.5% 41.0% 43.7%

• 7–10 14.6% 22.1% 18.3%

• Over 10 4.7% 4.1% 9.6%

WorryWorryHow much do you worry about:

1=not at all2=occasionally3=frequently

UNCCUNCC JCSUJCSU CPCCCPCC

• Future plans? 2.49 2.69 2.51

• Transitioning to life after college? 2.11 1.93 1.98

• Finding a job to fulfill your goals and aspirations?

2.35 2.50 2.41

• Money to travel/for hobbies? 2.36 2.37 2.42

• Responsibilities of life after college?

2.41 2.60 2.31

• Financial debt? 2.18 2.52 2.28

WorryWorry

How much do you worry about:1=not at all

2=occasionally3=frequently

UNCCUNCC JCSUJCSU CPCCCPCC

• Home ownership? 2.17 2.21 2.34

• Paying monthly bills? 2.08 2.37 2.29

• Finding a job in your field? 2.00 2.40 2.05

• Transitioning to life after college?

2.11 1.93 1.98

• Being penalized for no job experience?

1.94 2.10 2.01

Future OddsFuture Odds How likely is it that someday you will:

UNCCUNCC JCSUJCSU CPCCCPCC

• Work for yourself/own business? 50% 81.2% 64.3%

• Have lifestyle you grew up with? 96.4% 96.8% 93.4%

UNCCUNCC JCSUJCSU CPCCCPCC

• Somewhat to very Important 78.6% 82.4% 77.4%

• Not Important 21.4% 17.6% 22.6%

How important will a two-income household be in reaching your lifestyle goals?

% Indicating Somewhat or Very Likely % Indicating Somewhat or Very Likely

Quality of Life? Quality of Life?

Rank order of items that contribute to a good quality of life

UNCCUNCC JCSUJCSU CPCCCPCC

• Having a secure future for my family

70.2% 78.4% 70.2%

• Time to enjoy family/children 69.9% 59.3% 69.9%

• Having family/children 65.0% 54.0% 65.0%

• Having a great job 54.7% 70.2% 54.7%

• Having good friends 50.7% 45.6% 50.7%

• Having plenty of money 38.6% 54.8% 38.6%

• Having plenty of free time 38.1% 33.9% 38.1%

(% ranking item in top 3 on a scale of 1-8)

(% ranking item in top 3 on a scale of 1-8)

What Kind of Community do You Intend to Live in by Percent?What Kind of Community do You Intend to Live in by Percent?

UNCCUNCC JCSUJCSU CPCCCPCC

• Predominantly urban, mixed housing style

19.4% 37.3% 24.0%

• Suburban community, single family home

41.5% 38.9% 38.0%

• Rural area with large lots/open space

31.6% 19.8% 30.7%

• Other 7.5% 4.0% 7.3%

ValuesValues Mostly important thing passed on to you by your parents?

UNCCUNCC JCSUJCSU CPCCCPCC

• Education 11.7% 20.0% 16.1%

• Values 72.3% 60.8% 64.3%

• Work Ethic 15.2% 14.4% 17.6%

• Inheritances .8% 4.8% 2.0%

What will be the most important thing you can pass on to your children?

UNCCUNCC JCSUJCSU CPCCCPCC

• Education 14.0% 28.5% 21.2%

• Values 77.3% 67.5% 69.3%

• Work Ethic 7.9% 1.6% 7.2%

• Inheritances .8% 2.4% 2.3%

If Your Parents Leave You MoneyIf Your Parents Leave You Money

What will you do with it?

UNCCUNCC JCSUJCSU CPCCCPCC

• Invest it 66.1% 62.9% 64.7%

• Use it for living expenses 24.5% 30.6% 24.8%

• Buy a big ticket item (home/car)

7.6% 5.6% 9.5%

• Use it for entertainment orrecreation, such as a vacation

1.8% .8% 1.0%

Your Generation in the FutureYour Generation in the Future• Someday your generation will be

raising kids, running corporations and occupying high political office. When that day comes, which areas of American life will be better, the same or worse than today because of your generation?– 3=better– 2=same– 1=worse

Will be better, the same or worse than today because of your generation?

Will be better, the same or worse than today because of your generation? 3=better

2=same1=worse

% Better

UNCCUNCC JCSUJCSU CPCCCPCC

• Technology 2.92 2.95 2.90

• Race Relations 2.54 2.46 2.47

• Economy 2.31 2.38 2.23

• Schools 2.20 2.34 2.09

• Arts/Culture 2.10 2.26 2.21

Will be better, the same or worse than today because of your generation?

Will be better, the same or worse than today because of your generation?

UNCCUNCC JCSUJCSU CPCCCPCC

• Foreign Affairs 2.09 2.09 2.13

• Government 2.02 2.21 2.02

• Family Life 1.80 2.11 2.01

• Religion 1.92 2.10 1.93

• Crime/Public Order 1.87 1.80 1.79

% Better

3=better2=same1=worse

FindingsFindings

• The majority of millennials in this study were born to parents age 30 and older.

• They like faculty who are sensitive, flexible and intellectually challenging.

• They like working in teams but are not given a lot of opportunity to do so.

• Their job expectations immediately out of college are not as high as previous generations.

FindingsFindings• Career components they felt were most

important were being respected on the job, having the opportunity for professional development, having a job where they can make an impact on the world, having access to information, the expression of personal opinion and working with inspiring colleagues.

• They expect to have 4–6 jobs in their lifetime.• They worry the most about future issues:

Future plans, finding a job to fulfill their goals and aspirations, money to travel and for hobbies, adjusting to life after college and paying back financial debt.

FindingsFindings• They expect to someday acquire the

lifestyle they grew up with.• They expect to have a two-income family.• Security and time for family are they two

most important quality of life variables.• Values are the most important thing

passed on to them by their parents and the most important thing they will pass on to their children.

FindingsFindings

• When comparing their generation to their parents’ generation, they feel they will be able to improve technology and race relations.

• When comparing their generation to their parents’ generation, they feel they will not be able to improve on religion, family life and crime and public order.

For a copy:

http://inside.cpcc.edu/planning

Click on: Studies & Reports

Title: AIR Millennial Presentation 04

For a copy:

http://inside.cpcc.edu/planning

Click on: Studies & Reports

Title: AIR Millennial Presentation 04