A round-up of the top millennial stories from the past fortnight. Find out why perfectionism is trising among millennials, why they have it harder than previous generations and why cryptocurrencies could finally get millennials trading.
Another year, another worrying trend among millennials. This time it’s perfectionism, with a study of more than 40,000 British, American and Canadians revealing that levels have risen continuously since 1986. Experts are concerned this trend could be fuelling mental health difficulties.
According to the author of the report, Thomas Curran, of Bath University:
“These findings suggest that recent generations of college students have higher expectations of themselves and others than previous generations. Today’s young people are competing with each other in order to meet societal pressures to succeed, and they feel that perfectionism is necessary in order to feel safe, socially connected and of worth.”
‘Entitled’ millennials have it harder than the previous generation, writer says
According to this podcast, millennials have it hard. Give it a listen to find out how why —from the paradigm shift that has led to millennials’ financial challenges to the responsibility they have to stand up and be counted.
A new report by Western Union has shed some light on what millennials see as critical to their future success.
According to the study, which surveyed 11,060 millennials across 15 countries, the three most important factors for millennials’ future success are a future free of racism, breaking down of barriers based on gender, religion, culture or nationality and the ability to live, work and play anywhere in the world. The concept of “global citizenship” is clearly taking hold, with the majority of millennials in the study describing themselves as such.
This article takes an in-depth look at millennials and looks at what it is that gives them their particular quirks. It cites research including that of the Resolution Foundation on housing and living standards and considers what the future might hold for this generation.
This piece looks at millennials in the workplace and their ability to adapt to new technology. It’s written by an IT professional for IT professionals, but some of the themes, including “fast to adapt, slow to trust”, are equally true of millennials in other settings (think of their relationship with banks and other financial services providers).
The cryptocurrency market could be the way to get millennials to trade, according to TD Ameritrade chief market strategist JJ Kinahan. Speaking to CNBC’s Closing Bell earlier this week, he said:
“People complain that we haven’t gotten millennials to trade. Maybe this isn’t the product I’d like people to start with, but this is the greatest opportunity we’ve had in the market to get people who weren’t traditionally interested in the market.”
Bitcoin, in particular, the best-known digital currency, has hogged the headlines in recent weeks, as a result of its dramatic ups and downs and has certainly got people talking about whether the future of cryptocurrencies. As to whether this will trickle down to millennials, watch this space.