DEFINITION of 'Millennial'

A 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.

  1. Generation-Skipping Transfer Tax ...

    A tax incurred when there is a transfer of property by gift or ...
  2. The Greatest Generation

    A term coined by onetime NBC Nightly News anchor Tom Brokaw to ...
  3. Generation Gap

    The differences found between members of different generations. ...
  4. Baby Boomer

    A person who was born between 1946 and 1964. The baby boomer ...
  5. Unicorn

    In the world of business, a unicorn is a company, usually a start-up ...
  6. Corporate Social Responsibility

    Corporate initiative to assess and take responsibility for the ...
Related Articles
  1. Stock Analysis

    What Makes the 'Share a Coke' Campaign So Successful?

    Understand how Coca-Cola implemented the successful "Share a Coke" campaign. Learn about the top three reasons why the campaign was successful.
  2. Professionals

    The 6 Best Financial Advisors in Chicago

    Understand what makes a financial advisor good and why it may be difficult to find one. Learn about six of the best Chicago-based financial advisors.
  3. Retirement

    Millennials: Let’s Grab A Beer, Burger and a Movie In 2064

    Asking a 25-year old to save money for his 75-year old future self is like asking him to give money to a stranger. But if you put the future in more relatable terms saving may start to make sense.
  4. Retirement

    Five Retirement Warning Signs for Millennials

    If Gen Y'ers don't want to keep working forever, here's what they need to do now.
  5. Budgeting

    Money Habits Of The Millennials

    Millennials are facing the bleakest financial future of any generation in decades, and are not likely to enjoy the same standard of living as their parents did. Their spending and investing habits ...
  6. Personal Finance

    What Baby Boomers Need To Know About Making Out A Will

    Squarely addressing the prospect of your own mortality can be upsetting enough. But the financial questions surrounding what and how to arrange for one's heirs are disconcerting, too.
  7. Personal Finance

    4 Money Lessons For Generation Y

    A healthy fear of credit and investing earlier are just two ways to offset financial ruin later in life.
  8. Budgeting

    The Generation Y Investment Portfolio

    Generation Y is significantly different from past generations. Find out how you can profit from these trends.
  9. Professionals

    5 Career-Killing Facebook Mistakes

    Facebook might be a great way to show off those cute pics from your vacation -- but your page isn’t so great if it hurts your career.
  10. Stock Analysis

    Top 4 Companies Owned by Yahoo

    Understand Yahoo's acquisition strategies and how the company has been able to make so many acquisitions. Learn about the top companies owned by Yahoo.
  1. What factors should a company consider when creating a marketing budget?

    As organizations grow and new entrants to the market appear, companies must continuously stay relevant in consumers' minds. ... Read Full Answer >>
  2. What emerging markets are best suited for investing in the aerospace sector?

    The two best emerging markets for investing in the aerospace sector are China and India. Both countries have a rapidly expanding ... Read Full Answer >>
  3. What does the American Dream mean to different generations?

    The American Dream at its core is the belief that every generation should enjoy greater prosperity than the generation before ... Read Full Answer >>
  4. What is the QQQ ETF?

    The PowerShares QQQ, previously known as the QQQQ, is a widely held and traded exchange-traded fund (ETF) that gives investors ... Read Full Answer >>
  5. Why does Warren Buffett largely avoid investing in the technology sector?

    Warren Buffett has often said that he avoids investing in the technology sector because he does not like to own stocks in ... Read Full Answer >>
  6. Why doesn't Warren Buffett own Apple (AAPL) stock?

    Warren Buffet claims he simply does not know how to properly evaluate Apple (AAPL) and does not feel confident in his reading ... Read Full Answer >>

You May Also Like

Hot Definitions
  1. Purchasing Power

    The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy. Purchasing ...
  2. Real Estate Investment Trust - REIT

    A REIT is a type of security that invests in real estate through property or mortgages and often trades on major exchanges ...
  3. Section 1231 Property

    A tax term relating to depreciable business property that has been held for over a year. Section 1231 property includes buildings, ...
  4. Term Deposit

    A deposit held at a financial institution that has a fixed term, and guarantees return of principal.
  5. Zero-Sum Game

    A situation in which one person’s gain is equivalent to another’s loss, so that the net change in wealth or benefit is zero. ...
  6. Capitalization Rate

    The rate of return on a real estate investment property based on the income that the property is expected to generate.
Trading Center
You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!