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Over 50% of the 60+ are “very interested” in a self-driving and self-flying car. Even though this technology is just a pipe dream today, it’s fitting that Boomers, the generation that has always prized independence, would prefer fully autonomous flying taxis as they enter old age.
In 2016, just 24% of 18- to 34-year-olds were in the labor force, living away from parents, living with a child, and had ever been married—down from 45% in 1975. Thanks in large part to a weak economy, Millennials are taking their time reaching all the adulthood milestones compared to previous generations.
Verizon suffered a net loss of 289,000 cell phone subscribers over the first four months of 2017, its first ever net loss within that segment. Stronger competition from discount carriers has hit Verizon hard; the company would have lost more if not for its reintroduction of unlimited data plans.
An Xer mom worries that she’s hurting her kids by not having family dinners every weeknight—and reassures other parents who are in the same boat that it’s okay. This mom’s concerns reflect Xers’ desire to maximize “family time” with their young Homelanders and Millennials.
On Tuesday, Uber outlined plans to have a network of flying taxis in Dubai and in the Dallas area by 2020. Even if Uber could develop a flying car in three years, the logistical and regulatory hurdles that continue to plague drones would certainly keep flying vehicles grounded for quite some time.
Fully 85% of Millennials had been with their current employer for at least 13 months as of January 2016—higher than the share of Xers at the same age in 2000 (82%). These data reaffirm that “job-hopping” is merely a function of life stage, and that if anything, Millennials are more committed to their jobs than earlier generations.
Xer Patrick Lawlor praises his generation as the perfect mediator to bridge the gap between Boomers and Millennials. But he’s quick to note that this task isn’t as hard as it looks since “generations are often a lot more alike than we think.”
Google is reportedly planning to update its Chrome browser with a preloaded ad-blocking feature that filters out certain types of ads. Even ad-dependent media companies are looking for a way to please consumers who are tired of intrusive ads.
Xer undergraduate student Jennifer Plain lays out what she has learned about her Millennial classmates. She dispels many of the criticisms levied against them (i.e., that they are lazy)—and importantly, she recognizes that these criticisms are the same ones she heard from older people when she was young.
Fully 16% of Australian Millennials report feeling lonely every day, compared to 7% of Xers and 8% of Boomers. Perhaps the biggest side effect of the social media boom—especially among the young adults who use these platforms the most—has been the growth of surface-level friendships at the expense of deep, meaningful relationships.
After years of avoiding the term, BuzzFeed is lifting its stylistic ban on the word “Millennial.” The media company, which regarded “Millennial” as a buzzword used primarily by marketers and critics, acknowledges that the term has been embraced by many young adults—and has become too ubiquitous to ignore.
Dr. Perri Klass notes that today’s parents keep their homes too clean for their children’s health. While exposure to germs and microorganisms may be good for kids in the long run, it’s a hard sell for Xer and Millennial parents who are busy protecting their young Homelanders from every visible and invisible harm.
A German firm is joining the small but growing crowd of co-living spaces in New York City. “Quarters” offers amenities like roommate matching services and a program manager for social events—perfect for community-oriented Millennials who don’t want to live alone and actually want to be friends with their neighbors.
The Prospero blog condemns films like Going in Style that “rely on the tired conventions of the old-folks-behaving-badly genre.” While these movies may be overplayed, they ring truer than ever in an age when youthful, rebellious Boomers comprise much of the senior population.
Just 18% of 16- to 24-year-olds believe their next car will be made by a tech company rather than a traditional car manufacturer. While one might expect tech-loving Millennials to be more optimistic about self-driving cars, this generation has the same safety and practicality concerns shared by older consumers.
Banks like Merrill Lynch are racking up billions thanks to new products that charge a recurring advisory fee instead of a commission. Cost-conscious investors are embracing these products, which strip away the incentive for advisors to steer their clients into expensive asset classes just for the commission.
Casinos on the Vegas Strip are cutting down on free drinks, charging for parking, and otherwise nickel-and-diming patrons in an attempt to bolster revenue. With an ever-smaller share of the Strip’s revenue coming from gambling, establishments have had to cut back on the time-honored perks of casinogoing.
Construction professional Zach Tyson estimates that as much as 40% of his company’s revenue comes from Boomer home remodeling projects, double the share from five years ago. Boomers are fueling growth in accessibility and lifestyle upgrades as they continue to age in place.
Recent research connects rising “idle” rates among young adults (neither working nor in school) to more time spent playing video games. The authors acknowledge that the direction of causation is unclear: While the allure of video games could be keeping some Millennials out of work, many young job-seekers undoubtedly use video games to occupy their unwanted downtime.
Fully 94% of Millennials say that a one-night stand is considered cheating—compared to 90% of Boomers, 81% of Xers, and 78% of Silent. Despite the youth-fueled rise of “hookup culture,” Millennials have a more traditional notion of infidelity than older consumers—even morality-driven Boomers.