What Year Are Millennials Born?(Pew Research Center, 2019)

Money and Business

The theme this time around is Millennials.
Millennials are those who were born between 1980 and 1994.
Millennials are sometimes referred to as Gen Y.
Millennials may also be subdivided into two groups

Generation Y.1People born between 1990 and 1994.
Generation Y.2People born between 1980 and 1989.

In this issue, the following topics will be discussed in regards tomillennials

  • Millennials' Age Range
  • What Are Millennials?
  • Why are generations represented in the alphabet?

Millennials' Age Range

As of 2020, the age ranges for each generation are as follows

Age RangeBirth Year
Millennials26 to 40 years old.Between 1980 and 1994.
Gen Z5 to 25 years old.Between 1995 and 2015.
Gen X41 to 55 years old.Between 1965 and 1979.
Baby boomer generation56 to 76 years old.Between 1944 and 1964.

What Are Millennials?

Millennials are people who have the following characteristics

Birth YearBetween 1980 and 1994.
Current Age26 to 40 years old.
Use of the media
  • They have multiple social media accounts.
  • Although they are basically using a mobile device, 32% of people use aPC when shopping online.
  • The use of streaming services is high.
  • They remember the landline.
Consumption Activity
  • They are less loyal to the brand than previous generations.
  • They shop for function and quality.
  • They prefer on-demand service to owning things.
Social Change
  • Lehman shock
  • Internet and social media innovation
Another NameGen Y

Why are generations represented in the alphabet?

It's only since Gen X that generations have been represented in thealphabet.
Gen X didn't have much of a cultural identity compared to previousgenerations.
So the generation came to be represented by the letter X, whichindicates an indeterminate characteristic.
Later, subsequent generations also came to be represented by the alphabet.
This is why the generations are represented in the alphabet.
Also, Gen Y has another name, Millennials, because they were born whenthe year 2000 was imminent.
At that time, there was a great deal of public interest in the year 2000.

Summary

  • Millennials are those who were born between 1980 and 1994.
  • The current age range of millennials is 26 to 40 years old.