Some of you are turning 40 this year and you aren't the youngest generation anymore. Let's face it, you are finally growing up.
You're getting married, having kids and, gasp, buying your own houses. Still, millennials have survived one challenge after another by adapting, and the latest adaptation seems to be trying to settle down, putting down roots and acting a little more like, dare we say it, boomers.
For those who don't know what that very adult-sounding group is, it's a training program for progressive millennials. More: Franklin Wright Settlements in Detroit 'taking people from crisis to self-sufficiency'.
The oldest millennials are now turning 40, and, it seems, growing up to be like boomers
Some feel guilty, Dorsey said, because they may have been "insulated from the economic impact of the pandemic" while others "got caught right in the crosshairs" of it. And while many millennials have clung to their tech-savvy, achievement-oriented, don't-tell-me-what-to-do reputation by balancing several jobs at once to create their own income, others are trying some new things.
One author, writing for businessinsider. Still, one reason millennials haven't ventured deeper into what might be considered adulthood is financial.
When it comes to money, many never had much — and they are trying to catch up. Yes, millennials have a lot better access to personal finance as a result of "mobile apps" and "banking solutions" so they can better track their credit scores, savings and money, but, Dorsey said, they feel unprepared to meet their retirement goals.
They're also less optimistic that Social Security will exist for them in a way that will help cover their bills, and they are overwhelmed by trying to repay debt from college and graduate school.
Detroit resident Christen Stott — a professional life coach, author, certified paralegal and mortgage underwriter at Quicken Loans — said she combines knowledge of real estate, foreclosure law and other experiences to make a living. Stott earned a bachelor's degree in criminal justice from Michigan State University but still felt like she did not know where she fit in after graduation and went to law school.
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Some millennials have completely left corporate America, started less traditional jobs and ventured off on their own as entrepreneurs. But, that has also added to their stress and financial instability.
Despite some setbacks, millennials are trying to take on more responsibilities — and are even passing along what they know to the next generations as they get older. While Stott's coaching business is not quite enough to support her full-time, she said she has been working with younger people to help them "identify and find their niche.
Like many millennials, neither King nor Stott is married or have any kids — yet. Maybe that's why millennials tend to be more mobile than any other generation before them, and more likely to rent a place. Housing Confidence Survey.
Compared with generations, the lives of millennials are less predictable. King's father worked at the same company for more than 30 years while her mother worked at the same place for more than 40 years.
But many millennials also feel they have better work-life balance where they can travel and invest in their own hobbies because they understand that their identity is not tied to their work. Perhaps the true test, though, that millennials are growing up, is that even the youngest ones who are now in their 20s, are starting to be mocked by the generation that is following them, Generation Z — also known as the Zoomers.
And now the older millennials with homes can tell these Zoomers to get off their lawns. Contact Nour Rahal: nrahal freepress.
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