The American Dream According To Millennials
A recent study gave some very interesting insights into the minds of the generation know as Millennials, especially with regards to money and The American Dream.
Some key findings illuminated their attitudes towards a number of things. Here are some highlights:
Only 22% of Millennials considered helping others as a valued part of their American Dream. This percentage is the lowest reported among any age group.
Millennials were the group that placed the most importance on having a job that paid well, with 46% saying that was crucial to their attainment of the American Dream.
While most everyone wants to attain financial security and maintain a work-life balance,
Millennials are just more "direct" than others about their future and pressuring employers for
Millennials placed the most importance of the age groups polled on luxury items, with 32% saying having luxury items were crucial to their attainment of the American Dream.
The 30 and under set valued traveling to other countries, owning a nice car, having the latest technology, and belonging to exclusive organizations.
In a world moving dramatically toward technology, this isn’t all too surprising and is possibly evidence that Millennials seem to value luxury items because they're optimistic about the future.
Millennials were the most likely among the age groups to value having children, with 20% saying this was an integral part of their American Dream.
While the fact that more Millennials placed greater importance on having kids is interesting, it might not translate into their actually having children.
Optimism of Youth
In keeping with the stereotype of Optimistic Youth, Millennials believe that they will attain the American Dream more than any other group. Of those polled, 31% said they thought the American Dream was alive and well. Participants between the ages of 51 and 64 were the least optimistic about this at only 17%.
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