Coined by Strauss and Howe, this term generally refers to the people born somewhere between 1980 and 2000. It is also called Generation Y OR Generation Next. The people belonging to this generation were born in the early 1980’s, the exact year being flexible across countries.
Millennial refers to a period of thousand years. Millennial Generation refers to the demography reaching their adulthood in the early second millennium.
The Millennial generation's size is larger than the Baby Boomer generation (the generation born post World War II during 1946-1964) due to high birth rate during the 1980s. For this reason, Millennial are called Echo Boomers.
Howe & Strauss predicted that Generation Next will become like the civil minded G.I. Generation. Although millennial characteristics vary across regions, however, compared to other generations most of them are:
Ambitious- Most of them dream beyond limits.
Fickle minded- Most of the millennial are always in search of the next best thing.
Competitive- Millennial are extremely competitive, especially, in sports
Less politically updated
More sound in technology and communication
Millennia’s are also called Net Generation because they had access to the Internet since childhood, unlike other generations. They are hence, tech savvy
Impatient-Millennial is technologically advanced and hence, are very impatient when asked to wait. They are fast and want things to work faster
The Millennial are also called Boomerang Generation/Peter Pan Generation as they live with their parents for a longer period compared to the earlier generations.
According the U.S. census bureau, around 40% of the millennial generation is African American, Latino, Asian or of a racially-mixed background.
Millennial are the last generation born in the 20th century.