🔍
Millennials vs Generation Z - How Do They Compare & What's the Difference? - YouTube
Channel: The Infographics Show
[0]
This video was made possible by WIX.
[2]
If you are ready to create a website, head
over to wix.com/go/infographics to try out
[7]
one of their premium plans right now.
[9]
Millennials, also referred to as Generation
Y, are the generational group who follow Generation
[14]
X and are typically categorized as people
born between 1980 to the mid-1990s.
[20]
Millennials are also sometimes referred to
as echo boomers due to a major surge in birth
[24]
rates in the 1980s and 90s.
[26]
Generation Z or Gen Z is the generational
group that came after the Millennials, born
[31]
between the mid-1990s up to the mid 2000’s.
[35]
Generation Z is also referred to as the iGeneration,
iGen, or Post-Millennials.
[40]
How do these generations compare?
[41]
That’s what we’ll be looking at today,
in this episode of The Infographics Show:
[46]
Millennials vs Generation Z.
[47]
Though these two groups sit side by side on
the generation ladder, the expansion of the
[52]
Internet and the leaps that have been made
with the digital revolution has seen them
[55]
exposed to a host of different experiences.
[58]
Add to that the influence of parents from
different generations, and we have plenty
[62]
of scope for differences in attitude and behavior.
[64]
We’ve reviewed what researchers have said,
so we can bring you our list of 10 ways these
[68]
generations compare and differ.
[70]
Let’s take a look.
[72]
1.
[73]
Attention Span - Generation Z processes information
faster than any other generation, including
[78]
Millennials.
[79]
They live in a high tech world of constant
updates, and having grown up with access to
[82]
apps such as Vine and Snapchat, their attention
span is likely to be lower than that of Millennials.
[87]
A study showed that while only 4% of Millennials
and older generations believe 13 is an ok
[92]
age for owning a smartphone, as high as 18%
of Generation Z members think it is an ok
[97]
age.
[99]
2.
[100]
Multi-Tasking - A short attention span is
not always a drawback, and what Generation
[104]
Z lack in focus, they make up for in their
multi-tasking capabilities.
[108]
Generation Z can work on a school assignment
on their computer, and do research on their
[112]
tablet, all while taking notes.
[114]
And in the evening, they will often sit in
front of the TV watching a movie, at the same
[118]
time chatting with a friend on Facebook from
their phone or laptop.
[120]
It’s head spinning stuff!
[122]
3.
[123]
Independent vs Collaborative - 71% of Generation
Z say they live by the phrase "if you want
[128]
it done right, then do it yourself."
[130]
Generation Z tend to be more competitive and
will adopt a ‘do it yourself’ mindset
[134]
in personal or professional activities.
[136]
And when it comes to workspaces, 69% of Generation
Z would rather have their own workspace than
[142]
share it with others, whereas Millennials
would opt for a collaborative working environment
[146]
where they can team up with their colleagues.
[148]
4.
[149]
The Digital Pioneers - 40% of Generation Z
say that reliable Wi-Fi is more important
[154]
than reliable bathrooms.
[155]
And according to Pew Research, only 14% of
U.S. adults had access to the Internet in
[161]
1995 but by 2014, 87% had access.
[165]
Millennials saw first hand how social media
revolutionized the way in which we communicate.
[169]
They were pioneers in the digital age, witnessing
the birth of smartphones, instant messaging,
[174]
and Internet searching capability.
[175]
Generation Z were born into this tech immersed
society and so have a very different perspective.
[181]
5.
[182]
Face to Face or Digital Chat – All this
technology has also had an effect on how these
[186]
generations differ with communication habits,
and 74% of Generation Z say they prefer to
[192]
communicate face to face with colleagues in
the workplace...As we just mentioned, Millennials
[196]
pioneered many of the digital communication
tools, which revolutionized how we do business,
[201]
but with Generation Z preferring a more personal
approach, maybe they are the ideal generation
[205]
to strike the right balance between online
and offline workplace communications.
[210]
6.
[211]
Optimistic Vision- A 2016 survey conducted
by Lincoln Financial Group tells us that Generation
[216]
Z are far more optimistic than the Millennials.
50% of Generation Z says America is heading
[221]
in the right direction, versus 42% of Millennials...64%
of Gen Z have started researching or talking
[228]
to others about their financial futures by
age 13.
[230]
And after they’ve started having those conversations,
95% of those making financial plans feel optimistic
[236]
about their future in general.
[238]
7.
[239]
Convenience over brands.
[241]
- Accenture research tells us that Generation
Z love tech driven, fast shopping experiences
[246]
like 1-hour delivery, activated shopping and
in-store kiosks.
[250]
Brands are less important and they’ll happily
switch retailers who are better at providing
[254]
these services.
[255]
And they see shopping as a social experience.
[257]
They like to consult friends and get opinions
on products.
[260]
They can be unforgiving when leaving reviews
for retailers and are also twice as likely
[264]
to consult YouTube as Millennials, before
making a purchase.
[268]
8.
[269]
Different ways of learning - 75% of Generation
Z say there are other ways of getting a good
[273]
education other than the traditional route
of going to college, according to Sparks & Honey
[278]
research.
[279]
And Generation Z has the beauty of hindsight
on their side to see how things panned out
[283]
for their counterparts.
[285]
Many Millennials now have large student debts
and have been left questioning whether it
[289]
was worth it, with 44% of recent college grads
employed in jobs that do not require a degree.
[295]
9.
[296]
Tolerance - Millennials tend to be more tolerant
than Generation Z, as they have generally
[300]
encountered more situations in life where
things have the potential to go wrong.
[304]
For Generation Z, it’s all about getting
the job done and problems for them to look
[309]
elsewhere.
[310]
As an example, if Generation Z experience
a technical hitch when making an online purchase,
[315]
it’s unlikely they’ll visit the store
again, whereas Millennials will be more lenient
[319]
and likely give the store a second chance.
[321]
And finally number 10...Social influencers
are today’s celebrities.
[326]
- Generation Z are more likely to be browsing
YouTube than sitting in a movie theatre.
[329]
63% of them say they prefer to see real people
than celebs in their ads.
[334]
So it’s pretty obvious we’ve probably
got a large percentage of Generation Z viewers,
[338]
here at The Infographics Show.
[340]
But, whether you’re Gen Y or Gen Z, one
thing is for sure, you need money.
[344]
Do you have a job that you hate and want to
start a side business for that hobby you’ve
[348]
had since you were a kid?
[350]
Wix can help you get started with a website.
[352]
Maybe you want to also start a mailing list
or have a custom email address?
[355]
WIX can do that, too.
[357]
Wix is an amazing platform for anybody, whether
you’re a complete beginner, a business owner,
[361]
a professional designer, or even a professional
website builder.
[364]
You will never have to worry if your website
is safe and secure, or if it will go down
[368]
because of something you can’t even understand.
[370]
Wix does all the heavy lifting.
[371]
You can finally create that amazing website
you’ve been thinking about and support The
[375]
Infographics Show at the same time, by going
to wix.com/go/infographics or clicking the
[380]
link in the description.
[381]
Don’t wait until the next generation beats
you to your idea; get a head start today with
[385]
the amazing website you deserve!
[386]
Well, that’s our list of 10!
[387]
Do you fall into either of these two generations?
[389]
If so, how do you compare to what we’ve
described?
[392]
Let us know in the comments!
[393]
Also, be sure to check out our other video
called What are the weirdest unsolved internet
[397]
mysteries?!
[398]
Thanks for watching, and, as always, don’t
forget to like, share, and subscribe.
[401]
See you next time!
Most Recent Videos:
You can go back to the homepage right here: Homepage