Skip to main content

Gen Y: Millennial Generation Money-Obsessed And Less Concerned With Giving Back, Study Finds

Millennial Generation Money-Obsessed And Less Concerned With Giving Back, Study Finds



After analyzing 40 years of data on approximately 9 million young adults, researchers have found the so-called Millennial generation to be less environmentally conscious, community-oriented and politically engaged than previous generations were at the same age, according to a new study.


Compared to baby boomers and GenX'ers when they were young adults, Americans belonging to the Millennial generation -- those born after 1982 -- consider money, image and fame more important than values like self-acceptance and being part of a community, according to the study published March 5 in the Journal of Personality and Social Psychology.


The study found that millennials were less interested in donating to charities, participating in politics or helping the environment.

  
The results support the so-called "Generation Me" theory over the "Generation We" description often used in reference to today's young people.

"These data suggest that the 'Me Generation' label affixed to the baby boomers was unwarranted.
In comparison to the proceeding generations, the boomers look significantly more selfless," lead researcher Jean Twenge said in a press release.

"It will be interesting to see how millennials are affected by the recent recession and whether future generations will reverse the trends."

Twenge, a psychology professor at San Diego State University who has argued extensively in favor of the "Generation Me" theory, told USA Today that her latest study is not intended to criticize the Millennial generation, but rather reflect cultural changes of which young people are some of the strongest indicators.

Proponents of the "Generation We" theory have criticized the study, arguing that it "focuses on attitudes rather than on behavior" and places judgment on certain sets of values.

"Saying you want to be well off doesn't necessarily make one a narcissist or mean that you don't want to help others or don't care for your community," political scientist Michael Hais told USA Today. "It doesn't say that's the only value they have."



Source: http://www.huffingtonpost.com/2012/03/16/millennial-generation-study-fame-money_n_1354028.html

Comments

Post a Comment

Popular posts from this blog

MedicineNet: Diabetes Mellitus

MedicineNet: Diabetes Mellitus Diabetes facts ·          Diabetes is a chronic condition associated with abnormally high levels of sugar (glucose) in the blood. Insulin produced by the pancreas lowers blood glucose . Absence or insufficient production of insulin causes diabetes. The two types of diabetes are referred to as type 1 and type 2 . Former names for these conditions were insulin-dependent and non-insulin-dependent diabetes , or juvenile onset and adult onset diabetes . Symptoms of diabetes include increased urine output, thirst, hunger, and fatigue . Diabetes is diagnosed by blood sugar (glucose) testing . The major complications of diabetes are both acute and chronic. Acute complications : dangerously elevated blood sugar (hyperglycemia), abnormally low blood sugar (hypoglycemia) due to diabetes medications may occur Chronic complications : disease of the blood vessels (both small and large) which can damage the feet, eyes, kidneys, nerves,
2 comments
Read more

PRIVATE RETIREMENT SCHEME (PRS)

PRIVATE RETIREMENT SCHEME (PRS) Development of the PRS Industry With increasing life expectancy and rising living standards , many Malaysians find that their savings are inadequate to meet their retirement needs.  PRS form an integral feature of the private pension industry with the objective of improving living standards for Malaysians at retirement through additional savings of funds . As long-term investment vehicles, PRS are designed to help enhance adequacy and expand coverage of retirement benefits to all segments of the population. It complements Malaysia’s mandatory retirement savings schemes . Contributions to the PRS are voluntary .  Individuals (retail investors, self-employed and employees) or  employers can participate as PRS contributors.  Offering private pension benefits could be a tool for employers to attract and retain skilled talent. The PRS information set out in this publication includes a description of the framework, the key feature
1 comment
Read more

Inspiration quotes from AIA MDRT champions via FaceBook-Part 1

Dr. Jeffrey Chiew Make a difference, instead of making a living.     Nothing great in Life was ever achieved without hardwork. Go for it........ MDRT, COT or TOT.      "Nobody becomes a millionaire without alot of hard work"   ___________________________________________ Manmohan Abdullah Don’t sell life insurance. Sell what life insurance can do. You haven’t done anything wrong. You just haven’t done anything, and that’s what’s wrong."    Four words that make life Worthwhile...1st...Life is worth if you LEARN...What you don't know WILL hurt...2nd Life is worthwhile if you TRY. you just can't learn, you have to try to see if it works...3rd Life is worthwhile if you STAY and you have to stay to see it through...4th Life is worthwhile if you CARE...If you care at all, you will get some results...89 Days more for MDRT, follow this MENTRA and you will arrive at MDRT...the mecca of insurance.           Some clients will ask you why they need critical illness insurance
Post a Comment
Read more