The main difference between Generation Y or Millennials, is that they appear to march to a different drum, their own. “With over 63% of Millennials having a Bachelors degree, they are the most educated generation in America — but, that doesn’t mean that they’re conforming to traditional learning tactics. In fact, 50% of Millennial college students say that they don’t even need a physical classroom, with 53% believing that online colleges are reputable, and 39% viewing the future of education as being more virtual.”[2] Entrepreneurs even approach business differently, “When it comes to business, 90% of Millennials think being an entrepreneur means having a certain mindset rather than starting a company.”[3] Here are more cool facts about Millennials, according to research compiled by New Theory Magazine: • 63.3% of U.S. executives will be eligible to retire in the next 5 years thanks to Millennials taking over their roles • It costs $24,000 to replace each Millennial employee • 56% of Millennials won’t accept jobs from companies that ban social media • 63% stay updated on brands through social networks • The top five favorite brands of Millennials in the US are Nike, Apple, Samsung, Sony and Walmart • Millennial’s annual spending in 2015 was estimated to be $2.45 trillion and by 2018, they will eclipse Boomers in spending power at $3.39 trillion
Source: http://newtheory.com/shocking-facts-about-the-millennial-generation/ Infographic by: X Factor Media
