Members of Generation Y are less likely to be bothered by income inequality and more likely to want to get rich than their parents’ were at the same age. But unlike young Baby Boomers, are less likely to plan a business career to achieve their goal.
Making money matters more to members of Generation Y than it did to Baby Boomers at the same stage of life. According to the “,” an annual report of the Cooperative Institutional Research Program (CIRP) at UCLA, which has been surveying entering college freshmen at U.S. universities for nearly half a century, the fraction of entering college students who believe that “being very well off financially” is an “essential” or “very important” objective increased from 58.2 percent in 1977 to 81.0 percent in 2012.
As making money has become a more central goal of those entering college, other objectives have become less important. Data reported by the “American Freshmen” reveals that the fraction of incoming college students who consider it “essential” or “very important” to develop a “meaningful philosophy of life” declined from 59.0 percent in 1977 to 45.6 percent in 2012.
Attending college is more instrumental to Millennials than it was to Baby Boomers. Members of Generation Y are more likely than their parents’ generation to report that they are going to college because it will help them to make money. In 1977, 62.1 percent of incoming students said that a “very important” reason they were going to college was “to be able to make more money.” By 2012, that fraction had risen to 74.6 percent, the “American Freshmen” reports.
Generation Y is also more politically conservative. Data from the General Social Survey, a nationally representative sociological survey administered by the National Opinion Research Center at the University of Chicago and conducted annually since 1972, shows that the fraction of people aged 18-30 who said they were liberal was higher in 1977 than in 2012.
While the Millennials are more interested in getting rich than Baby Boomers were at the same age, they have a different view about how to get there. Members of Generation Y are less likely to study business than were members of their parents’ generation. The CIRP report reveals that the fraction of students intending to major in business in 2012 was only two-thirds of that planning to study the subject in 1977.
The Millennials also aren’t intending to work in business to the extent their parents were. The CIRP study shows that the fraction of incoming college students planning careers as accountants, actuaries, business owners, executives, salespeople, or in other business jobs, was 13.8 percent in 2012, down from 20.7 percent in 1977.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more