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10 studies proving that everything you believe in Millennials and Boomers is wrong

An insoluble divide has divided society into two parts. People on both sides scold their diametrically opposed counterparts, hurl insults and blame them for every evil that plagues the world today. Of course, we are referring to the gap between baby boomers born immediately after the Second World War and the mid-1960s, and millennials created between the early 1980s and mid-1990s and early 2000s, depending on who sets the definition?

See also: 10 Reasons Why Millennials owe Boomers a Thank You

Each page has the number of the others. Millennials are irresponsible, unfaithful jammers condemned to poverty by their sluggishness, and boomers are troublesome wheelers who are unaware of the realities of the modern world and know how they have destroyed them to meet their own needs. If you're a boomer or millennial, you may believe one or more stereotypes about the other generation. Of course, stereotypes rarely stay the same. Before the proverbs and avocados begin to fly, let's take a look at some surveys and studies that contradict popular notions about baby boomers and millennials.

Baby boomers do not kill social security

Baby boomers are so named for a reason. In the years following the Second World War, there was a boom (or "boom") of babies, so boomers are a very populous generation. As of 2019, around 10,000 of them will turn 65 every day. The timing is not exactly ideal. The US Social Security Agency is currently in quite a jam. The Social Security Board predicted that social security trust funds will be depleted by 2035 if nothing is done, meaning that people will not receive their full benefits.

Given the sheer number of baby boomers who have started collecting social security funds in recent years, many are inclined to believe they are sucking the system dry. A study by the Boston College Center for Retirement Research (CCR) shows that this is not the case. In fact, baby boomers receive less from social security than they have paid during their career. (The opposite is true of those who have experienced the Great Depression.) The CCR study cites changes in the social security system from 1939 before Baby Boomers even played a role, ultimately responsible for the current problems. [1]

9 Millennials read as well as older generations

A common image of Millennials is that of a generation sticking to technology, a group of smartphones with hats. You are always on YouTube or crawling the instagrams of others. Let's not forget the chronic tweeting. Did these people even see a book? This is the case, according to a 2014 Pew Research report.

88 percent of millennials (16 to 29 years according to the report) reported reading a book last year, compared with 79 percent of those aged 30 and over. Forty-three percent of Millennials stated that they read books (including e-books) on a daily basis, similar to those of older generations. While 98 percent of them used the Internet and 77 percent had smartphones, 62 percent agreed that "there are many useful and important pieces of information that are not available on the Internet." Only 53 percent of over 30 adults agreed.

Libraries are certainly places where you can find information that is not available on the Internet, and Millennials are hardly averse to them. 50 percent used a library last year, which is not very different from the 47 percent of older adults who said the same thing. Millennials, however, generally regard libraries as less important. Fifty-one percent said closure of a library would have a significant impact on their community, compared to 67 percent of the elders. [2]

8 Baby boomers have also adopted technology

Speaking of smartphones, they are not the only province of millennials. In a survey conducted by Provision Living of St. Louis, Missouri, in 2019, smartphone habits were rated at 1,000 millennials and 1,000 baby boomers. The results indicated a number of similarities between the two generations.

As you might expect, millennials spend more time each day on their smartphones, but the gap is not particularly large as boomers use their devices for only 42 minutes a day as millennials (5 vs. 5.7 hours). The daily Facebook and Instagram times for each group are less than 10 minutes each and only one for YouTube.

There were certainly differences as well. Millennials still spent significantly more time writing text messages and surfing the internet than Boomers. Perhaps more surprising is the fact that boomers have also spent less time on the phone aspect of their smartphone than millennials. Boomers were also much more prone to using the messenger app than their younger counterparts. [3]

7 Millennials are more religious than one thinks

Millennials are less likely to claim religious affiliation or to go to church. A 2010 Pew Research study found that millennials (defined as people aged 18 to 29) participated in church services less frequently than older generations, and a good quarter of respondents said they did not belong to any religion. It was also less likely that they considered religion an important part of their lives. However, a closer look at the data reveals that millennials may not be as irreligious as they seem.

Essentially, the differences in millennial responses are more a function of the current age than the generation. Millennials pray less often than older adults, but their prayer rates are similar to those of older generations at the age of millennials. In addition, their beliefs about afterlife, miracles and so on show little difference to their elders. Of the millennials claiming a particular religious affiliation, 37 percent described this affiliation as "strong." Thirty-seven percent of GenXers, who do not seem to care if the media gives a hint, said the same thing when they were younger. Thirty-one percent of boomers gave this answer in adulthood. [4]

6 Boomers are not ready for retirement

Say what you think of baby boomers, but they are at least financially savvy. How many uses of the term "OK Boomer" have followed unwanted advice on what Millennials or Gen Z members should do with their money? The question of whether it was easier for the Boomers in their time to build nest egg or not, it is clear from a recent survey that they may not have saved so well.

In 2019, Clever, On a home-buying site, 1,000 baby boomers were interviewed, with a median age of 62 years. Her median income was $ 57,000 a year, and she had an average of $ 136,779 in pensions. The problem is that this lags far behind what many financial experts would find necessary. A commonly recommended benchmark is eight times your annual retirement savings when you're 60 years old. For an annual income of $ 57,000, that would be $ 456,000.

The problem is compounded by the finding that 40 percent of respondents are still paying back their credit card debt, and 31 percent said they have no emergency fund. The above-mentioned problems of the US social security system can certainly also benefit retired boomers. On average, respondents hoped to retire by the age of 68, although Clever came to the conclusion that such an objective might be over-optimistic for many of them. [5]

5 Millennials would rather keep their jobs

Why do millennials switch jobs? so much? Boredom? Not enough trophies? Here is another question: Who said they are constantly changing jobs? Several studies say that this is not the case.

In February 2017, the Resolution Foundation, a British think tank, reported that only four percent of millennials in the UK have changed jobs every year. In the 1990s, twice as many Generation X members did so. In April of this year, Pew Research released similar findings, namely that Millennials in the US would just as likely remain with their current employers as GenXers were the same age. In fact, graduated millennials tend to stay longer than graduate GenXers.

If the dead trophy horse has to be beaten even more, Millennial loyalty will not even be rewarded, at least not in the UK. According to the Resolution Foundation, changing jobs usually leads to an increase in income of 15 percent. Increases for those who cling to their jobs, however, have become rare. Nevertheless, millennials remain. A Resolution Foundation analyst pointed out that many millennials had grown up during the financial crisis of the late 2000s. A Pew researcher suggested that the US millennials could not jump straightaway because of the lack of good job-hopping opportunities. [6]

4 Boomers Accept Weeds

In recent years, support for the legalization of marijuana has steadily increased in the United States. As of 2019, it will be legal in 11 states and in Washington DC, and the use of medical cannabis is permitted in 33 states. You might think that baby boomers, who are quickly perceived as the grumpy old scribes of American society, are relentless against it, but the support is even growing in this cohort.

A study on marijuana use in people over 60. Researchers at the University of Colorado examined data from the National Drug Use and Health Survey. In 2017, 9.4 percent of respondents aged 60 to 64 said they had used marijuana in the past year. In 2007, only 1.9 percent of the same population had done so. In the over-65s, 3.7 percent consumed marijuana last year, down just 0.3 percent in 2007.

The researchers found that Boomers' increased interest in cannabis was mainly due to medical reasons 60 years in various senior centers, clinics and marijuana pharmacies. Many respondents had decided to buy marijuana in recreational pharmacies because it was difficult to obtain a medical marijuana card. Some had doctors who did not approve them, and they did not want to find a new health care provider or leave their health insurance network. Others were reluctant to address the issue with their doctors for fear of stigmatization. Quite a few wished that more doctors were trained in the medical use of cannabis. [7]

3 Millennials are not automatic tech wizards

A phrase that is sometimes circulated is "digital native". Basically it is a digital native is someone who grew up in the digital age and has always known a world in which the Internet and mobile devices are ubiquitous. As such, they master modern technology better than their ancestors and are said to be more proficient in multitasking.

Millennials and Generation Z are generally considered Digital Natives. However, according to a 2017 article published in the journal Teaching and Teacher Education this sentence must die. In fact, millennials do not differ from older generations in terms of their technological or multitasking abilities. Other studies have also confirmed this conclusion.

Put simply, there are no digital natives. Unfortunately, the idea has influenced both educational strategies in schools and the structuring of the work environment in companies. Dr. Paul Kirschner, co-author of the study, argues that the assumption that all students are technically savvy will only affect the educational process. [8]

2 Baby Boomer Tip More Than Millennials

The stereotypical Millennial knows the plight of waiters in the US, who shy away from the gratitude of customers and generously tip give. The stereotypical boomer, if he taps at all, leaves a few cents and a note on the receipt as the waitress needs to get tougher. As usual, the reality is far less clear.

A survey of 2,569 adults at CreditCards.com in 2019 found that baby boomers are more likely to tip a variety of service employees. 89 percent of respondents give tips, 66 percent of millennials. People who deliver food are tipped 72 percent by boomers and 56 percent by millennials. The differences were 63 percent versus 40 percent for taxi and ride-sharing drivers, 73 percent versus 53 percent for hairdressers, and 33 percent versus hotel employees' 23 percent, with boomers in each category at the top.

The only time Millennials defeated Boomer was the size of the spikes they left behind. When millennials tip, an average of 22 percent is left. Boomers leave 17 percent. [9]

1 Millennials are expected to be the richest generation in US history

Millennials may still have hope for retirement. Believe it or not, a Coldwell Banker study shows that more than $ 68 trillion in assets will be transferred to US Millennials by 2030. Where does this massive windfall come from? Your boomer parents. Well, add this to the recent list of things Millennials Boomers can thank for.

Baby Boomers are on average wealthier than other generations. They grew up in a good economy, and the values ​​of both their homes and their holdings have grown quite a bit over the years. That does not mean that every millennium will be guaranteed to be rich with baby boomer parents one day. Individual situations vary and end-of-life costs or changes in economic conditions can certainly affect the remnants of millennials. Overall, the prosperity of the boomers, which is passed on to the millennials, could make them richer than any other generation. [10]

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