Millennials have gotten shit on repeatedly, between the housing crisis, the student loan crisis (looming), and a subpar job market. They have less ties and more mobility.
But I guess in some way I was lucky (no student loans because I studied in an international school, which was much cheaper). And housing because I moved to a cheap area and telecommute to a company in Silicon Valley.
"The homeownership rate of the 30 year old cohort has tanked starting in 2007 with the market implosion. That is very clearly illustrated by the green line above. Why? These were the folks buying with toxic mortgages and timed the market very poorly (or simply had bad luck). The rate of those young adults living at home has gone up unabated since 1999. Of course the increase in home prices has been driven by investors and this will simply make it harder on a cohort with lower incomes and much higher levels of student debt.
It is safe to say that many more young Americans will be renting deep into their adulthood. It is also safe to say given the current cost of college that many more young Americans will be coming back home to live with mom and dad. The Fed’s findings are simply reinforcing this trend."
These days most companies can save money and hire more people if they allowed people to work form home or where ever they were. Most sales, leadership, tech support, software engineering, etc can be done from anywhere outside of the office with the technology these days. Computers and phones are mobile anywhere.
Companies wouldn't have to worry about getting bigger offices, facilities, cubicles, and other exenses with an office full of people.
We should not all be slaves for the minority of workaholics. I don't mind that you hustle, I'd rather have a beer at the beach with my wife, work 4 days a week, and lead a more simple life.
"The days are long but the years are short."
But it's easy to say you'd like to emigrate. Actually doing so takes some dedication. Are there any statistics on that?
Also: I'm gonna go ahead and say that statements about what "Millennials" want/do/buy/are/read/smell/eat/whatever are about as dumb as any other kind of blanket statement.
The only consistent parts of the various definitions of "millennials" I've heard are "human" and "younger than the person making the claim".