image credit: Shutterstock AUGUST 14, 2015 There is one issue from which no business–regardless of size, type or location–is immune: employee turnover. Retaining top talent is a challenge, and this challenge is increasing in difficulty with the millennial-employee population. According to the U.S. Department of Labor's Bureau of Labor Statistics, the median tenure of … [Read more...]
Millennials: Not So Cheap, After All
image: AJ Reynolds/AP For a while, young people were taking public transit and using car-sharing apps instead of buying cars. But now they're heading to the dealership, just like their parents. DEREK THOMPSON APR 21, 2015 One of the hazards of being paid to think out loud is that most ideas are wrong, and some of those wrong ideas are bound to be yours.Several years … [Read more...]
PewResearch – Millennials in Adulthood
Detached from Institutions, Networked with Friends The Millennial generation is forging a distinctive path into adulthood. Now ranging in age from 18 to 331, they are relatively unattached to organized politics and religion, linked by social media, burdened by debt, distrustful of people, in no rush to marry— and optimistic about the future. They are also America’s most … [Read more...]
March of the Millennials
As young people flood into the city, the only constant is change They belong to the ill-defined cohort known variously as millennials, echo boomers or Generation Y. Their ages range from 24 to 34, or perhaps 18 to 36, or even 21 to 30, depending on which firm is polling. They’ve been called the “Me, Me, Me Generation” by Time magazine, “screwed” by Newsweek and Salon, … [Read more...]
The Recession Generation: How Millennials Are Changing Money Management Forever
This story appears in the August 18, 2014 issue of Forbes. By Janet Novack and Samantha Sharf Without any apparent irony, the woman who aspires to change financial services in the 21st century sits in a conference room in Manhattan she named for Warren Buffett, despite his famous disdain for technology, and ticks off apps that have reimagined how her generation … [Read more...]