Generation Y - Characteristics of Generation Y Born in the mid-1980's and later, Generation Y legal professionals are in their 20s and are just entering the workforce. With numbers estimated as high as 70 million, Generation Y (also known as the Millennials) is the fastest growing segment of today’s workforce. As law firms compete for available talent, employers cannot ignore the needs, desires and attitudes of this vast generation. Below are a few common traits that define Generation Y. Tech-Savvy: Generation Y grew up with technology and rely on it to perform their jobs better. Armed with BlackBerrys, laptops, cellphones and other gadgets, Generation Y is plugged-in 24 hours a day, 7 days a week. Family-Centric: The fast-track has lost much of its appeal for Generation Y who is willing to trade high pay for fewer billable hours, flexible schedules and a better work/life balance. Team-Oriented: As children, Generation Y participated in team sports, play groups and other group activities.
Generation Y Terminology[edit] Authors William Strauss and Neil Howe wrote about the Millennials in Generations: The History of America's Future, 1584 to 2069,[2] and they released an entire book devoted to them, titled Millennials Rising: The Next Great Generation.[3] Strauss and Howe are "widely credited with naming the Millennials" according to journalist Bruce Horovitz.[1] In 1987, they coined the term "around the time 1982-born children were entering preschool and the media were first identifying their prospective link to the millennial year 2000".[4] Strauss and Howe use 1982 as the Millennials' starting birth year and 2004 as the last birth year.[5] Newsweek used the term Generation 9/11 to refer to young people who were between the ages of 10 and 20 years on 11 September 2001. The first reference to "Generation 9/11" was made in the cover story of the November 12, 2001 issue of Newsweek.[17] Traits[edit] William A. Political views compared to other generations[edit] Demographics in the U.S.
Generation X - Generation X Traits and Characteristics Generation X encompasses the 44 to 50 million Americans born between 1965 and 1980. This generation marks the period of birth decline after the baby boom and is significantly smaller than previous and succeeding generations. Members of Generation X are largely in their 30’s and early 40’s. On the whole, they are more ethnically diverse and better educated than the Baby Boomers. Over 60% of Generation X attended college. Generation X legal professionals hold junior partner, senior associate, mid-level paralegal and mid-level support staff positions in law firms. Below are a few common characteristics of Generation X. Individualistic: Generation X came of age in an era of two-income families, rising divorce rates and a faltering economy. Technologically Adept: The Generation X mentality reflects a shift from a manufacturing economy to a service economy. Flexible: Many Gen Xers lived through tough economic times in the 1980s and saw their workaholic parents lose hard-earned positions.
Generation Y Terminology[edit] Authors William Strauss and Neil Howe wrote about the Millennials in Generations: The History of America's Future, 1584 to 2069,[2] and they released an entire book devoted to them, titled Millennials Rising: The Next Great Generation.[3] Strauss and Howe are "widely credited with naming the Millennials" according to journalist Bruce Horovitz.[1] In 1987 they coined the term "around the time 1982-born children were entering preschool and the media were first identifying their prospective link to the millennial year 2000".[4] Strauss and Howe use 1982 as the Millennials' starting birth year and 2004 as the last birth year.[5] The phrase Generation Y first appeared in an August 1993 Ad Age editorial to describe teenagers of the day, which they defined as different from Generation X, and then aged 11 or younger as well as the teenagers of the upcoming ten years.[6] Since then, the company has sometimes used 1982 as the starting birth year for this generation.[7] William A.
Grandparenting Styles by Generation While personality and temperament are probably responsible for most differences in grandparenting styles, how grandparents relate to and interact with grandchildren may depend to some extent on the generation they belong to. Researchers have made some generalizations about the different generations, and these pieces are based on their findings. To view the source material for any piece, click on the links. They will take you to a fuller treatment of the subject. 2. Photo © Ron Levine Those who came of age in the post-war era inherited a time of peace and prosperity. Read more about grandparents of the Silent Generation. 3. Photo © Jupiterimages / Getty This large and diverse population that was born after World War II is often divided by demographers into two groups. Read more about Baby Boomer grandparents. 4. Photo © Wavebreakmedia Ltd | Dreamstime.com The difficulty of finding an appropriate label for the post-Boom generation led to the rather generic label of Generation X.
Strauss–Howe generational theory The Strauss–Howe generational theory, created by authors William Strauss and Neil Howe, identifies a recurring generational cycle in American history. Strauss and Howe lay the groundwork for the theory in their 1991 book Generations, which retells the history of America as a series of generational biographies going back to 1584.[1] In their 1997 book The Fourth Turning, the authors expand the theory to focus on a fourfold cycle of generational types and recurring mood eras in American history.[2] Their consultancy, LifeCourse Associates, has expanded on the concept in a variety of publications since then. The theory was developed to describe the history of the United States, including the 13 colonies and their Anglo antecedents, and this is where the most detailed research has been done. History William Strauss and Neil Howe’s partnership began in the late 1980s when they began writing the book Generations, which tells the history of America as a succession of generational biographies.
Retail Forecast for 2013-2015 - Centre for Retail Research, Nottingham UK The Retail Forecast for 2013-2015 From the Centre for Retail Research "The sun has started to rise above the hill" ( (Rt Hon George Osborne, Chancellor of the Exchequer, 2013 [Elliot & Coates, 2013])) [As at 2 October 2013] The Forecast Our previous retail forecast for 2013 (retail growth of only 0.3% in real terms) was too pessimistic. The change does not mean a return to the 2.0%+ real growth that we saw between the mid-90s and the mid-00s, but the situation is now less bad and in some ways the economy is becoming better balanced. Our revised GDP forecast for 2013 is 1.3% (though 1.5% may prove more accurate) and for 2014, 2.0%. Our retail forecast for 2013 in value terms is for growth of 3.9%; in 2014 3.4%; and 2015 3.4%-3.8%. Food and Non-food: in 2013 we expect food sales growth of 3.6% (values) and non-food sales growth of 4.1%. In 2014 we expect food volumes to grow by 1.0% and non-food by 2.0% whilst in 2015 food should grow by 1.1% and non-food by 2.0%. Fig 1 Fig 2 The Housing Market
Quick Facts More than half of the world's population is under the age of 25. Born between 1978 and 2000, the Millennial Generation, also called Generation Y, Generation We, the global generation, currently include 95 million young people up to 30 years of age. In 2016, it will be 100 million strong. The millennial generation is globally oriented, extremely diverse, technologically brilliant, and it has the most progressive political orientation till date. (Generation-We) The millennial generation is the first generation in American history to inherit a nation in decline. Globally, in the last 100 years, we’ve consumed more resources than all of human history combined. America has the highest child poverty rate in a developed country. 1 in every 2 Americans will get cancer. 1 in every 3 Americans will get diabetes. Yet we are far from resigned. 79% of Millenials believe that our generation has better opportunities to make a difference and produce structural change than previous generations.