Meet Generation Y!

Meet Generation Y!

Open-minded, tech-savvy or narcissistic? What is the best way to describe the millennial generation?

Who they are

Millennials are young people aged between 20 and 35, meaning they were born between 1980 and 1994. Another term frequently used is Generation Y, given to them because they follow Generation X (those born 1965-1979). However there are also other, less flattering names.

What others think of them

Try typing “Generation Y are” into Google and the suggested endings for your search vary from “generation y are lazy”, “idiots” and “unhappy”.

Although, to be fair, the suggested search endings on a Google search for baby boomers are just as unflattering.

One commentator has named them “Generation Y-ny [whiny]”, another common alias is Generation Me, which the Time magazine didn’t feel was quite right and made the generation’s apparent self-obsession even more present by changing it to Generation Me, Me, Me in a feature on them.

Looked at it from a different angle, they’re also described as being creative, flexible, open-minded, having a strong sense of responsibility and concern for the environment. But where’s the fun in that.

What they think of themselves

Possibly because of the public attributing so many negative names to them, millennials tend to have a much more negative self-image than other generations had before them. More than half of the millennials, 59%, described their own generation as “self absorbed” and 49% would say they are “wasteful”. In comparison only 30% of Generation X and 20% of the baby boomers were willing to describe their generation in those words.

The negative view of themselves goes so far that a big part of Generation Y doesn’t want to be connected to them. Almost 66% don’t think of themselves as part of that generation, although this might be, to a certain extent, because of a confusion of categories as 33% didn’t realise they were millennials and believed they instead belonged to Generation X.

Their issues are

With a generation that’s spanning 15 years, a variety of social classes, cultures and continents, defining a unified identity becomes an absurd task. In the UK alone there are 13.8 million millennials. A 20-year-old in Bristol is, without any doubt, facing very different problems to a 35-year-old in Edinburgh, and that’s without even leaving the UK.

There is no way to sum up a whole generation and their struggles in a couple of sentences. However there are a few political and economical issues that have unified Gen Y in a broader way. Graduating from university led many to job hunting during a relentless economic recession, the millennials were the guinea pigs of tremendous technological change and they spent most of their formative years with the constant lingering of terrorism.

Problems this generation is facing are plenty. The lack of opportunities in Mexico, socio-political disenfranchisement in the Philippines or the painfully high unemployment levels in Spain. Millennials in the US are paralised by debt and static wages, whilst the British Generation Y has been hit with unaffordable house prices, stopping them from making the first step onto the property ladder.

Source: The Guardian

Self-certified Sophisticated Investor

Please read

I declare that I am a self-certified sophisticated investor for the purposes of the restriction on promotion of non-mainstream pooled investments. I understand that this means:

I am a self-certified sophisticated investor because at least one of the following applies:

I accept that the investments to which the promotions will relate may expose me to a significant risk of losing all of the money or other property invested. I am aware that it is open to me seek advice from someone who specialises in advising on non-mainstream pooled investments.

High Net Worth Investor

Please read

I make this statement so that I can receive promotional communications which are exempt from the restriction on promotion of non-mainstream pooled investments. The exemption relates to certified high net worth investors and I declare that I qualify as such because at least one of the following applies to me:

STAY AHEAD OF THE MARKET

Sign up for first access to new developments and exclusive property investment opportunities.

We send limited and targeted emails on new launches and exclusive deals which best fit your areas. We are trusted by over 30,000 active buyers as their source for new stock.

  • New property developments
  • Professional market reports
  • Property deal alerts
  • Development updates
Manchester property investment

FIRST FOR NEWS AND KNOWLEDGE.

Receive trending news straight to your inbox and stay up to date on all of the property market trends and advice.

Established since 2005 we are a leading voice of authority and commentary on the UK property market. Our news is trusted by Apple News & Google News.

  • UK housing market
  • Mortgage & money
  • Buy-to-let landlords
  • Guides & advice

Talk to us

Speak to our UK property experts today:

 

+44 (0) 333 123 0320

Open from 9am-6pm GMT

 

+852 6699 9008

Open from 9am-6pm HKT