AKIPRESS.COM - Millennials are doing things differently than their parents, and it's having an effect on the American landscape and beyond, The Business Insider wrote. In 2010, the generation turned ages 14 to 29. In 2020, they'll be turning 24 to 39. Throughout these past 10 years, they've entered young adulthood and started hitting peak life milestones. The generation also represents the strongest sector of the job market and the world's most powerful consumers.
Here's a breakdown of how that's helped them transform the world:
- Personal Life: Financial constraints are pushing millennials to delay homeownership and marriage, causing them to transform the face of the traditional American family.
- Retail: Millennials have taken to spending their money online or on experiences, causing retailers to shift strategies or shut down. They've made the wedding and luxury industries more casual and have fueled growth in the wellness industry.
- Tech Innovation: Millennials' penchant for social media and convenience has created new industries and many startups.
- Activism: Diverse, indebted, and depressed, millennials are speaking up about everything from mental health and money to social issues, pushing their concerns to the front of the conversation.
It's worth noting that these trends also apply to other generations, but millennials are leading the way. Here's how millennials have reinvented the world in the past decade.
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