It's no secret that Millennials get a bad rap. The stereotypical image of this group is that they are lazy, unmotivated, materialistic, demanding, and entitled in the workplace.
To find out the truth, we recently ran an online forum. We wanted to talk to some of our younger Cafestudy members, with the aim of discovering some insights and potentially dispelling some of the myths about this age group.
This is a group often criticised for their attitudes towards their careers and money. However we discovered that in many ways, attitudes of young people in Australia are greatly misunderstood. Here are some of the myths, and what we found…
Myth 1: Millennials are materialistic and don’t save money
In fact we discovered that the material things that older generations see as important aren't always important to Millennials. They place a higher importance on life experiences, and buying a house or a car is a serious commitment that could get in the way of them travelling or working overseas. Far from materialistic.
And when asked about their long term financial plans, it was clear that the financial goals and ambitions of the Millennials are not so different after all: they want to have a successful and stable career, and long for the financial security that this brings.
“I have never dreamed of expensive cars or an enormous house. I want to be comfortable, and focus on the things that matter.”
Myth 2: Millennials are lazy and entitled
Again we discovered little evidence of these unappealing traits in our forum. Far from feeling entitled, they know they need to work hard to achieve their financial and life goals, so going to university and working hard is a priority.
“To get my foot in the door, I work extended hours to try and save enough money to have a large enough deposit for a property”
So why the bad rap?
Perhaps it stems from the unique set of circumstances this age group finds themselves in. The most notable of these is the cost of housing, and in particular the high cost of buying a house. Whereas their parents' generation were able to buy houses in their 20s, today that is an unrealistic dream in the major cities, despite their strong desire to do so.
For some, this is motivating, and sets them on a course of saving and sacrificing to reach their goal. For others, it pushes this goal further into the future or even prompts them to forego the idea of home ownership altogether.
With the burden of home ownership looming large, the effect of this is seen in attitudes towards purchase decisions generally. With limited resources, they are discerning with how they spend their money.
For example, their decisions aren't as materialistic or superficial as they seem. That new phone? It has a dozen different apps to help their lives run more smoothly.
Perhaps it’s time to stop generalising about an entire generation. Our millennials aren't kids any more. They are working hard and building serious careers. They have their own priorities now and even though they might be different to older generations, they are also different to each other. And they are every bit as important and legitimate.
Last reply: 6th Jun 2018 /
8 replies /
Post by Cafestudy Admin
Millennials are the future of the world without a doubt, but they need to become organized with a very strong and disciplined leader which will make them more active activists instead of social media justice warriors. Reply
Posted by: Burnt Out Digger
Posted: 18th Jan 2017
Burnt Out Digger says:
Every generation complains about the following generation being lazy and not being hard working. Our parents said that about us and we, most likely, have said that about our children. We are looking at things from a different perspective. Reply
Posted by: super88
Posted: 31st May 2018
Burnt Out Digger says: Every generation complains about the following generation being lazy and not being hard working. Our parents said that about us and we, most likely, have said that about our children. We are...
Exactly correct , Burnt Out Digger.
I look at my own parents now and see them as amazingly resilient, but when I was a child I saw them as nothing special, just my mum and dad, living a normal life.
I look at my own generations and see that I had many advantages that were not accessible to them.
Success for each generation never has been to achieve what our parents had. It is to achieve our own goals and targets.
I don't think you can consider yourself to be a "grown up" until you can look at previous generations and understand that their life's achievements were no less difficult or demanding to conquer than our own struggles toward an unknowable future. Reply
Posted by: Anonymous
Posted: 6th Feb 2017
We get a bad rap from older generations, but it was the same for gen X in the 80s. Just look at the comedy shows then and you'll see the baby boomers calling them dirty, lazy and stupid. Personally I think its just the older generation jealous of our youth, and wanting a target for their overzealous rage. Instead of trying to hurt us, maybe they should consider their own life choices and why they were forced to settle into whatever situation that makes them horrible enough to put down an entire portion of the human species. Reply
Posted by: Jackson30534381
Posted: 9th Feb 2017
When the world changes as much as it has coming into the 21st century you cant expect every generation to be like the last. If you change the equation then the answer will be different, its the same with humanity if you put a group of people in a world 50 years from now they will react differently and grow up differently based off the different stimulus that is upon them. Reply
Posted by: ck14
Posted: 17th Feb 2017
Millennials are often criticised and judged harshly nowadays. However, I think that Millennials may just be some of the most hardworking people in this world. The circumstances of the world we live in now makes it extremely hard for Millennials to succeed and get ahead of anyone. And it is because of these circumstances that Millennials need to work far more harder than past generations. The sad part in all of this is that sometimes, no matter the hardwork we put in, the returns we get back are far more inferior. So no, I don't think Millennials are lazy; and it's not that we don't save money or we are entitled - it simply is because we don't have enough money to begin with and as time goes by, it becomes harder and harder to earn money that would match the amount of hardwork we put in. At times, yes, we may think that we are entitled to more than what we have, but that is due to the imbalance in our inputs and returns. Reply
Posted by: Khardankov
Posted: 8th Mar 2017
Yeah, the Baby Boomers - the generation that (mostly) thoughtlessly polluted and bulldozed our planet while pretending climate change didn't exist - all the while snapping up Albert Park brownstones as investment properties in the 90's for low-5-figure sums, leaving their kids to fend for themselves in a massively overpriced property market - "but if only they [millennials] didn't eat so much Avo On Toast!!" - it's all a bit rich, isn't it? Oh, even using that idiom weeps tears of irony...
Young adults these days are working harder while being paid less than anyone else alive today. Exploitative internships and working arrangements, stagnant wages, and the Liberal beat-up on our hard-won rights while Boomers hoard all the wealth they can ensures that the massive wealth disparity between old and young, rich and poor will continue unabated for years to come. The disdain for the youth of today would be pathetically humourous if it wasn't so sardonically sadistic and tangibly consequential for the hard-done-by young.
The saddest part about it is the successful push over the last 20 years or so to shift young activism towards meaningless identity politics as an empty substitute for the kind of activism that could actually make a difference in their lives, with the intended and sinister effect of disengaging youth from real politics. There are worthy causes amongst the identity politics clutter, but instead of noticing that we're all being pressed under the thumb of the old and the wealthy, the youth spend their time squabbling over token-gesture language, calling each other out to score points in the game of Play-Ally. Make no mistake - this isn't some failing of theirs; this was done to them, intentionally, over many years, through culture, media, and a hegemonic education system, all designed by... - yeah, you guessed it. Reply
Posted by: Burnt Out Digger
Posted: 6th Jun 2018
Burnt Out Digger says:
Every generation is criticised by those that preceded it so this is nod different to what has happened before Reply
Caféstudy is owned and operated by Edentify Pty Ltd
Edentify Pty Limited ("Edentify") is committed to observing the Australian Privacy Principles as set out in the Privacy Amendment (Enhancing Privacy Protection) Act 2012, which amends the Privacy Act 1988.
Edentify has adopted all principles set forth in the Australian Privacy Principles that govern the collection, use, disclosure, quality, security, access and correction of information that personally identifies an individual ("Personal Information"). This Policy Statement applies to all Personal Information that Edentify may collect, use and disclose, whether that information is manually or digitally processed.
Edentify recommends that you keep this Policy Statement for future reference.
1. What Personal Information does Edentify hold and disclose?
All Personal Information collected is required and used for Edentify's business purposes only.
Edentify gathers and stores Personal Information when an individual registers to become a member of Caféstudy, redeems their points and registers to Caféstudy Chat. Your participation to surveys, forums and mobile polls is voluntary.
At registration we ask members to provide Personal Information. This information is used for targeting purposes, so the member will receive appropriate online research invitations.
All data collected from surveys, forums and mobile polls is stored and can be accessed by Edentify employees, Edentify contractors and Edentify clients. The Personal Information we collect is not shared with any unaffiliated third party, unless it is necessary to respond to your questions, provide the service you have requested or to comply with applicable law. We will never sell your Personal Information to any third party not affiliated with Edentify without your prior consent, except in connection with the sale, merger, in whole or part, of Edentify, its assets or the division responsible with such services.
Any Personal Information that you transmit or include within our online forums may be viewed and used by others. We are unable to control such uses of your Personal Information and by participating in online forums you assume the risk that such Personal Information provided by you may be viewed and used by third parties.
Edentify does not actively seek to collect sensitive information (for example health information, or information about racial or ethnic origin or criminal record) unless it becomes necessary for its business purposes. If Edentify does have to collect sensitive information, it will do so in accordance with the Australian Privacy Principles.
2. Data Security
Edentify utilises reasonable and appropriate protections to ensure that Personal Information in its care is not misused or lost or accessed without proper authorisation. Access to Personal Information stored on Edentify servers is restricted to those employees, clients or contractors who require such access to perform a legitimate business purpose relating to the Services, maintenance, internal security or other related issues.
All Edentify employees and contractors, as a prerequisite for employment, are required to sign a strict and detailed confidentiality agreement in relation to the Personal Information that they will have access to.
3. Children’s Privacy
Edentify do not knowingly collect any information from any child under 14 years of age without permission from his/her parents or legal guardian.
4. Correction of Personal Information
Edentify takes reasonable steps to ensure that all Personal Information that it holds is accurate, complete and up to date.
Individuals should promptly notify Edentify if any Personal Information that we hold about them is incorrect or out of date.
5. Access to Personal Information
Members can access and update, amend or delete Personal Information at any time using their personal log in details.
Individuals seeking access to their Personal Information should contact Edentify directly. Edentify will process all requests for access within a reasonable time. In certain circumstances, we are permitted by the Australian Privacy Principles to deny requests for access or limit the access we provide. If we refuse or limit access to your Personal Information, we will tell you the reason why.
You may at any time remove your Personal Information from our list of active users. All unsubscribe requests should be sent to email@example.com and we will process your request within a reasonable time after receipt. We are not responsible for removing your Personal Information from lists of any third party who has been previously provided your information in accordance with this policy.
7. Acquisition, Merger or Bankruptcy
In the event Edentify, its Parent or any of its Affiliates or Subsidiaries is acquired by another entity, or merges with a third party, the Successor Entity will be bound to respect the provisions of this Policy, with regard to any Personal Information in its possession prior to the acquisition or merger. In the event of bankruptcy, the provisions of applicable law will apply.
8. Privacy Officer