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Millennials
Who exactly are Millennials?
Also known as Generation Y, Millennials are referred to as the group of people born from the
years 1982-2004.
They grew up in a time of economic prosperity, then many entered the workforce during a
recession and were consistently surrounded by the rapid advance of technology, particularly
the Internet.
Currently, there are 80 million millennials in the U.S, which is nearly of the countries total
population.
85% of millennials own smartphones.
Due to the fact that millennials have lived through some of the biggest technological
advances that the world has seen, they tend to be very savvy when it comes to technology,
most importantly, Social Media.
Nearly half of all millennials in the U.S. feel as if they are best defined by their Social Media
presence.
Today, millennials are considered to be the most lucrative market, with an annual buying
power of nearly $200 billion.
Needless to say, from a cellular provider standpoint, now is the time to make Generation Y a
large priority.
Millennial Traits
Millennials tend to take on the title of being somewhat impatient. As stated earlier, this particular
group of people has become accustomed to having instant access to any kind of info imaginable
within a matter of seconds.
So naturally, unless a product, website, picture, etc. is interesting enough to capture one of these Gen
Yers within a time span of lets say, 20-30 seconds, you can say goodbye to a potential customer.
Millennials want instant gratification. They know what they want and with technology today, they
know exactly how to find it. How a product makes its first impression to a millennial is the
difference between a swipe right or a swipe left.
Authentic content empowers them.
Millennials crave content-driven media. They are spending nearly 25 hours per week online and 3.2 hours
per day on social media, which means at that point they know the difference between authentic or non
relevant information. They need content that is relevant, timely, unique, and valuable.
They love to feel as if they can interact with the brands they are constantly using each
day and appreciate those who are receptive to true engagement and are open to the idea
of co-creation.
Millennial Incomes,
Economic Status etc