25 Interesting Statistics about Millennials
The Millennial generation is coming…
Here are the facts and figures that you need to be aware of to stay “in-the-know”
Millennial want to save the world.
- Over 80% of Millennials have donated money, goods or services. [Walden University and Harris Interactive]
- 75% of Millennials are not willing to compromise their values for their career. [Bentley University’s Center For Women And Business]
- 61% of millennials are worried about the future of the world. [Huffington Post]
- 92% of Millennials believe that business success should be measured by more than profit. [Deloitte]
Millennials are coming out of school in debt.
- Millennials are coming out of school with $1 trillion in student debt. [Bloomberg]
- The average Millennial has $45 000 in debt. [PNC Financial Services]
- Millennials face an unemployment rate of 16.3% after school. [Generation Opportunity]
- 40% of Millennials have seen an increase of stress at their jobs. [American Psychological Association]
- 60% of Millennials have full time jobs. [Harvard University]
Millennials spending habits
- 63% of Millennials stay updated on brands through social networks. [Ipsos]
- 48% of Millennials say word-of-mouth influences their product purchases more than ads. [Intrepid]
- 41% of Millennials have made a purchase using their smartphone. [Edelman Digital]
- 32% of Millennials say they don’t like advertising in general. [Experian Simmon]
- 84% of Millennials report that they pay attention to user generated content. [Bazaarvoice]
- Millennial annual spending is expected to be $2.45 trillion by 2015. [Oracle]
Millennials hate the word “employee”
- Millennials account for 36% of the U.S. workforce. By 2025, they will account for 75% of the global workplace. [U.S. Bureau of Labor Statistics]
- 41% of Millennials do what their managers tell them to do. [Strategy+Business]
- Millennials do not feel they deserve special treatment. [PwC]
- 80% of Gen Y said they prefer on-the-spot recognition over formal reviews. [Achievers and Experience Inc.]
- 70% of Millennials have connected with their co-workers on Facebook. [Cisco]
- The average Millennial is connected to 16 co-workers on Facebook [Identified.com]
- To replace each Gen Y employee, it costs an average of $24,000. [Beyond.com]
- If a company bans social media, 56% of Gen Y’s say they won’t work there. [Cisco]
- The average Millennial will keep a job for 2 years. [PayScale]
- 40 percent of Millennials think they should be promoted every two years [Time US]