Growing up with access to information at their fingertips, millennials are accustomed to an on-demand lifestyle defined by seamless shopping experiences, instant entertainment and 24×7 social networking. They are ambitious and career focused and understand that debt is a necessity for education and supporting their lifestyle choices but surprisingly, they place marriage and parenthood far above career and financial success. They have experienced tremendous diversity of relationships and understand the stressors associated with marriage and parenting, but they aren’t rushing to the altar.

Millennials (also known as Generation Y, Generation Me and Echo Boomers) are the demographic cohort following Generation X. Born between 1980 and 2000, millenials are now entering employment in vast numbers and will shape the world of work for years to come. Their career aspirations, attitudes about work, and knowledge of new technologies will dominate the culture of the 21st century workplace. Having grown up with broadband, smartphones and social media, they are better at grasping the key business tools than their superiors. They are ambitious, keen to learn and progress their career but they won’t stay around long if their goals aren’t met.

A Gallup Poll found that currently millennials are the least engaged part of the workforce, with the study revealing that just 28.9% are engaged at work. In 2020, 64% of these millennials will occasionally work from home and 59% of millennials find an employer’s provision of state-of-the-art technology highly important when considering a job. This generation will be valuable though, supporting an increasingly aging population of baby boomers with increasing rates of life expectancy.

While millennials want to be married and to be a parent, both can wait. According to PEW Research, around 30% say that having a successful marriage is one of their most important life goals and 52% say that being a good parent is one of the most important things for them. More tolerant to non-traditional behaviours related to marriage and parenting, they hold less moral stigma to living together with a boyfriend/girlfriend, and are more approving of having children out-of-wedlock.

With the combination of these factors, an increase in cohabitating couples, and their tolerance to non-traditional behaviours related to marriage and parenting, they are pushing marriage to the back burner while focusing on building a career and paying down their student loan and living in the moment.

Tune in next week for more relationship ideas.

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