Definition of ‘Millennial’
A name given to the generation born between 1980 and 2000. The Millennial generation follows Generation X in order of demographic cohorts. This generation is often associated with technology and social media. Also known as Generation Y.
Investopedia explains ‘Millennial’
The names of generations are often linked to specific events that happen during that generation’s formative years. For example, “Baby Boomers” were the generation following WWII, when soldiers returning from service started families and a huge number of babies were born in a short time. The Millennial generation is so named because this demographic cohort was born near the dawn of the new millennium. Millennials are not only more numerous than the Boomers; they are the biggest generation in American history.
The Millennial generation is the first born into the digital world, specifically the Internet and social media. Technology is incorporated into their everyday lives, and has been a major contributing factor to the growth of Silicon Valley as a technology hub.
Research has shown the Millennial generation in the United States to be the most ethnically and racially diverse generation in U.S. history. Politically, Millennials are more progressive in their voting habits and less religiously observant.