Millennial

What is a 'Millennial'

A Millennial is the name given to the generation born between 1982 and 2004. The Millennial generation follows Generation X in order of demographic cohorts. This generation is often associated with technology and social media. Also known as Generation Y.

BREAKING DOWN 'Millennial'

The names of generations are often linked to specific events that happen during that generation’s formative years. For example, “Baby Boomers” were the generation following WWII, when soldiers returning from service started families and a huge number of babies were born in a short time. The Millennial generation is so named because this demographic cohort was born near the dawn of the new millennium. Millennials are not only more numerous than the Boomers; they are the biggest generation in American history.

The Millennial generation is the first born into the digital world, specifically the Internet and social media. Technology is incorporated into their everyday lives, and has been a major contributing factor to the growth of Silicon Valley as a technology hub.

Research has shown the Millennial generation in the United States to be the most ethnically and racially diverse generation in U.S. history. Politically, Millennials are more progressive in their voting habits and less religiously observant.

RELATED TERMS
  1. Generation X (Gen-X)

    Generation X or Gen-X is the name given to the generation of ...
  2. Generational Accounting

    An accounting method that considers how current fiscal policies ...
  3. Generation Gap

    The differences found between members of different generations. ...
  4. The Greatest Generation

    A term coined by onetime NBC Nightly News anchor Tom Brokaw to ...
  5. Baby Boomer

    A person who was born between 1946 and 1964. The baby boomer ...
  6. Income From Operations - IFO

    The profit realized from a business' own operations. Income from ...
Related Articles
  1. Entrepreneurship

    How Millennials Can Be the Wealthiest Generation Ever

    Millennials are poised to be the wealthiest generation of all time. Here's why.
  2. Financial Advisors

    The Biggest Financial Mistakes Millennials Make

    Millennials are making financial mistakes that have the potential to cost them big over the course of their lives.
  3. Savings

    The Importance Of Millennial Consumers

    Millennials are the next Baby Boomers: a group of people so economically valuable that advertisers drop their pre-existing methods to cater to them.
  4. Investing

    Are Milliennals All About Responsible Investing?

    The hardest part about understanding money management styles is that generations don’t (or can’t) understand how other generations are able to justify their decisions.
  5. Investing

    Are Millennials Risk Averse or Risk Takers?

    When it comes to risk, Millennials differ from Generation X and Baby Boomers in a big way.
  6. Your Practice

    How to Convince Millennials They Need an Advisor

    Advisors who stay on the cutting edge of technology can capitalize on millennials' habits and establish vital relationships that can grow over time.
  7. Professionals

    How To Keep Millennials Motivated in the Workplace

    Millennials, ages 18 to 34, will soon make up most of the global workforce. What are the best ways to maximize their potential for top performance?
  8. Investing News

    Millennial Investing Techniques Are Changing The Game

    Millennials are taking advantage of social media and a variety of high-tech tools to plow their wealth into investment vehicles of their choice.
  9. Retirement

    5 Reasons Millennials Lead in Saving for Retirement

    Say what you want to about millennials but the one thing they are doing better than any other generation is saving for retirement. Here's why.
  10. Investing

    Top Tips on Catering to Millennial Clients

    The economic impact of Millennials is rapidly growing. Here's how to reach them.
RELATED FAQS
  1. What does the American Dream mean to different generations?

    Find out what has caused the American Dream to change radically from the Baby Boom generation to the members of Generation ... Read Answer >>
  2. What are key factors that are generally considered in demographic studies conducted ...

    Understand the importance of demographic research and learn key demographic factors that a company seeks to discover through ... Read Answer >>
  3. What can demographics tell us about present and future consumption trends and economic ...

    Learn what demographics reveals about present and future consumption trends and economic cycles. Demographics is the study ... Read Answer >>
  4. What is the difference between efficiency ratios and profitability ratios?

    Learn about efficiency and profitability ratios, what these ratios measure and the main difference between efficiency and ... Read Answer >>
  5. What factors should a company consider when creating a marketing budget?

    Understand the process of creating a marketing budget, and learn the specific factors that should be considered for any company ... Read Answer >>
  6. How might a company use demographics to assess the size of a potential market?

    Discover how a company can utilize the examination of different demographic characteristics to identify and assess the size ... Read Answer >>
Hot Definitions
  1. Labor Market

    The labor market refers to the supply and demand for labor, in which employees provide the supply and employers the demand. ...
  2. Demand Curve

    The demand curve is a graphical representation of the relationship between the price of a good or service and the quantity ...
  3. Goldilocks Economy

    An economy that is not so hot that it causes inflation, and not so cold that it causes a recession. This term is used to ...
  4. White Squire

    Very similar to a "white knight", but instead of purchasing a majority interest, the squire purchases a lesser interest in ...
  5. MACD Technical Indicator

    Moving Average Convergence Divergence (or MACD) is a trend-following momentum indicator that shows the relationship between ...
  6. Over-The-Counter - OTC

    Over-The-Counter (or OTC) is a security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, ...
Trading Center