On Millennials

Thoughts on millennials and how they are different.
  • The Accenture 'Get Ready: Digital Lifestyle 3.0' report ranks the top technologies - no surprise that it is mobile phone service and home Internet access (51% and 35%, respectively.)
  • This activity apparently effects brain development since various pathways are formed during adolescence.  A study by a neuroscientist at UCLA "found that the brains of experienced 'net users were twice as active as those of internet beginners — particularly in the areas that control decision-making and complex reasoning."   There are drawbacks with respect to human interaction and the ability to read emotional cues.
  • They were 3 years old (or younger) the last time a financial crisis it (1987) - they are in unchartered territory and their sense of the future will be altered.  
  • The responsibility hormone should kick in as they get jobs, get married and move out.  The on-demand world will clash with planning.  Tapping into this shift will require close attention to messaging. 
  • While college 'prepares you for a career or profession' - there is a split between wanting a specific career or a broad based set of skills that prepare one for different opportunities.  This suggests two very different segments of people.  Other college board findings:  An increase in the desire to raise a family and a decrease in 'becoming an authority' in my field.  Social aspects take precedence over job aspects; the kicker is that 'being financially well-off' is the same.   
  • Outlaw Consulting asked this group what makes a brand trustworthy?  The answers are here.  No. 1:  Simplicity, which is probably even stronger today.  NYTimes site ranks 7th among the trendsetters' top 15 sites -- who says they're not reading.