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Millennials
 (and their parents)
    Rebooted     Text




          NACCAP 2011
     Kevin Corr - Director of Sales
Manage the Expectations
     15 American Generations
    4 Cycles = 4 Stage/2 Stroke
          Generation X
           Millennials
       Millennials Rebooted
      What does it all mean?
  Discussion and Media Resources
A House Divided     Millennial
Cusper




                     Homelander
“In America, each generation is
       a new people.”
      Alexis de Tocqueville, 1830
LifeCourse Associates www.lifecourse.com
Generations, 13th Gen, The Fourth Turning
         and Millennials Rising

          LifeCourse Associates www.lifecourse.com
4
Number of Generations Colliding
      in the Workplace
  Silent, Boomers, Xers and Millennials
          LifeCourse Associates www.lifecourse.com
23.4
Average Number of Years of
  American Generations
         Howe and Strauss
15
American Generations (19 New World)

              Howe and Strauss
4
Number of Generational Cycles and
 Number of Generations Per Cycle
             Howe and Strauss
Revolutionary Cycle
    Name + Birth Years
  Awakening 1701-1723
  Liberty     1724-1741
  Republican 1742-1766
 Compromise 1767-1791
Civil War Cycle
    Name + Birth Years
Transcendental 1792-1821
Gilded          1822-1842
Progressive     1843-1859
Great Power Cycle
   Name + Birth Years
 Missionary 1860-1882
 Lost        1883-1900
 G.I.        1901-1924
 Silent      1925-1942
Millennial Cycle
               Name + Birth Years
          Boomer        1943-1960
           X            1961-1981
       Millennials       1982-2000/01
15th (Homeland or iGeneration) 2000/01-20??
4/2
4 Stage/2 Stroke Per Cycle
   The Fourth Turning
         Howe and Strauss
Revolutionary Cycle
 Name (Birth Years) = Description
 Awakening (1701-1723) = Idealist
  Liberty (1724-1741) = Reactive
  Republican (1742-1766) = Civic
Compromise (1767-1791) = Adaptive
Civil War Cycle
  Name (Birth Years) = Description
Transcendental (1792-1821) = Idealist
   Gilded (1822-1842) = Reactive
 Progressive (1843-1859) = Adaptive
Great Power Cycle
Name (Birth Years) = Description
Missionary (1860-1882) = Idealist
  Lost (1883-1900) = Reactive
    G.I. (1901-1924) = Civic
 Silent (1925-1942) = Adaptive
Millennial Cycle
         Name (Birth Years) = Description
          Boomer (1943-1960) = Idealist
             X (1961-1981) = Reactive
        Millennials (1982-2000/01) = Civic
15th (Homeland or iGeneration) (2000/01-20??) = Adaptive
4 Stage / 2 Stroke
Idealist      Idealist birth Civic
Reactive    Reactive birth Adaptive
 Civic        Civic birth Idealist
Adaptive    Adaptive birth Reactive
                    Repeat
Each Generation
   Rebels against the elder-built world and
       against the generation before it.
   (Think X>Boomer and Millennial>X)


Redirects society towards its own inclinations.
Each Generation
      1. Solves the problems facing the prior
        youth generation (Millennial>X)
2. Corrects for the behavioral excess it perceives in
current midlife generation (Millennial>Boomer)
    3. Fills the social role being vacated by the
 departing elder generation (Millennials>G.I.)
Each Generation
Is shaped by their surroundings and by the
  generations with which they interact.


While being born becomes history, and as
       they age they make history.
Types of History
 Social Moment - a brief period of time when people perceive
 historical events to radically alter their social environments.
1. Secular Crisis - when society focuses on reordering the outer
           world of institutions and social behavior.
 2. Spiritual Awakening - when society focuses on changing
       the inner world of values and personal behavior.
Repeating in America
     1. Idealist (Boomer)- encounters a spiritual awakening in rising
            adulthood and a secular crisis entering elderhood.
    2. Reactive (X) - encounters a spiritual awakening entering youth,
                   and a secular crisis entering midlife.
   3. Civic (GI; Millennial)- encounters a secular crisis entering rising
        adulthood, and a spiritual awakening entering elderhood.
4. Adaptive (Silent; Homeland)- encounters a secular crisis entering youth,
               and a spiritual awakening entering midlife.
“Applications and yield numbers are down”
              NACAC Study, October 2010



       “Loan crisis goes to college.”
             CNN Money.com, May 2010



“College loans are the new subprime crisis”
              New York Times, June 2010
“A generation that can sneakily trump boomer
                                              X
   narcissism and millennial entitlement.”
  Jeff Gordiner, “X Saves the World: How Generation X Got the Shaft but Can Still Keep Everything from Sucking”
About Generation X
Born and raised as independent latch-key kids.
    Sexual Revolution, Watergate, Vietnam,
 Gay Rights, High Divorce Rate, Recession and
   Woman’s Movement peppered their youth.

Demonized by Hollywood: Rosemary’s Baby, The
Exorcist, Taxi Driver, Pretty Baby and The Omen.
About Generation X
Betrayed by social institutions in their youth.
                Boomer envy.
                 Pragmatic.
                To the point.
   Playing to win by half expecting to lose.
Proud of their ability to cut through the hype.
About Generation X
Becoming cautious in family life and gradually
          mellowing in personality.


 Dedicated to starting and maintaining stable
  families, something their Silent generation
               parents did not.
Millennial
Largest, most wanted, most watched over and
most diverse generation in American history.
              Howe and Strauss “Millennials Rising”
The Three “Kaitlins”




Kaitlin   Caitlin   Kate Lynn
Pop Culture
3.6
Average birthrate of Millennials
         (in millions)
        Howe and Strauss “Millennials Rising”
76
              Million Millennials
(vs. 72 million Boomers and 42 million Xers)
              Howe and Strauss “Millennials Rising”
$50k
Parents willing to pay for an ovum from an
attractive, high IQ, female at a top university
               Howe and Strauss “Millennials Rising”
50%
 Increase in amount of stuff in weight in
average American homes vs. 20 years ago
              US News and World Report, 2008
87%
College freshmen who have never shared
          a room with a sibling
          Chronicle of Higher Education, November 2009
About Millennials
       35% are non-white (and Latino).


       1 in 5 have an immigrant parent,
       1 in 10 have a non-citizen parent.


Largest separation in wealth in American history.
About Millennials
     Celebrated, cherished and protected.

Celebrated by Hollywood: Three Men and Baby,
 Baby Boom, Mr. Mom and Disney princesses.

            Empowered females.

Bike helmets, car seats, nanny cams and more.
About Millennials
          Raised by attached parents.
Freakishly close to their “Helicopter Parents” or
   “Blackhawks” transitioning to “Stealth.”

Parents are “Best Friends” and co-purchasing.
        Conservative. Or Conventional?
About Millennials
               Team Oriented.
               Task Oriented.
 Civic Oriented. (not in march on D.C. way)


Want to achieve high standards set for them.
Feel that they have already “paid their dues.”
Reaching Millennials
     Eliminate Ambiguity.
Think of Time as 24/7 Resource.
   Combine Work with Play.
     Make it Worthwhile.
      Handle with Care.
    Play to Their Strengths.
         Group Think.
5000
Marketing messages your members are
        assaulted by each day
             Adweek November 2006
90%
Consumers who trust word of mouth,
     vs. traditional advertising
            Adweek November 2006
Watch Welcome to the Social Media Revolution
Millennials Rebooted
           Recognize 2nd Cohort.
            Post Great Recession.
 Shift from Boomer Helicopter to Xer Stealth.
             Parents want ROI.
       Financial Aid knowledge is key!
            Cut through the hype.
Online and In-Person support work in tandem.
Who is Next?


15th
Homeland or iGeneration
     2000/2001-?
Your Bookshelf
Media and Resources
      The Medium: Sweeping the Clouds Away
   http://www.nytimes.com/2007/11/18/magazine/18wwln-medium-t.html


                          Web 2.0 Video
             http://www.youtube.com/watch?v=6gmP4nkeOE0E


                   Pew Internet Research
http://www.pewinternet.org/Reports/2010/Social-Media-and-Young-Adults.aspx
Mommy, Tell My Professor He’s Not Nice
http://www.sptimes.com/2006/06/19/State/Mommy__tell_my_profes.shtml


A Generation Serves Notice; It's a Moving Target
              http://query.nytimes.com/gst/fullpage.html?
            res=9D0CE7D9123FF931A15752C0A9609C8B63


                    Facebook grows up
              http://www.newsweek.com/id/32261/page/2
YouthQuake (Millennial Values in Work)
http://www.businessweek.com/magazine/content/08_03/b4067000290367.htm?
                 chan=magazine+channel_top+stories


              Scenes From A Culture Clash
      http://www.fastcompany.com/magazine/102/culture-clash.html


            Get The Best Out Of Millennials
       http://www.adage.com/talentworks/article?article_id=124891
The Millennials are Coming
http://www.cbsnews.com/stories/2007/11/08/60minutes/main3475200.shtml


   Employee Evolution - Millennials at Work
                  http://www.employeeevolution.com/


                   TargetX iThink Blog
                      http://.targetx.com/ithink
Download Session PDF
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               3. Follow these steps:
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                   b. search NACCAP
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Millennials
 (and their parents)
    Rebooted    Text




         NACCAP 2011
     Kevin Corr, Director of Sales

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Millennials Rebooted NACCAP

  • 1. Millennials (and their parents) Rebooted Text NACCAP 2011 Kevin Corr - Director of Sales
  • 2. Manage the Expectations 15 American Generations 4 Cycles = 4 Stage/2 Stroke Generation X Millennials Millennials Rebooted What does it all mean? Discussion and Media Resources
  • 3. A House Divided Millennial Cusper Homelander
  • 4. “In America, each generation is a new people.” Alexis de Tocqueville, 1830
  • 6. Generations, 13th Gen, The Fourth Turning and Millennials Rising LifeCourse Associates www.lifecourse.com
  • 7. 4 Number of Generations Colliding in the Workplace Silent, Boomers, Xers and Millennials LifeCourse Associates www.lifecourse.com
  • 8. 23.4 Average Number of Years of American Generations Howe and Strauss
  • 9. 15 American Generations (19 New World) Howe and Strauss
  • 10. 4 Number of Generational Cycles and Number of Generations Per Cycle Howe and Strauss
  • 11. Revolutionary Cycle Name + Birth Years Awakening 1701-1723 Liberty 1724-1741 Republican 1742-1766 Compromise 1767-1791
  • 12. Civil War Cycle Name + Birth Years Transcendental 1792-1821 Gilded 1822-1842 Progressive 1843-1859
  • 13. Great Power Cycle Name + Birth Years Missionary 1860-1882 Lost 1883-1900 G.I. 1901-1924 Silent 1925-1942
  • 14. Millennial Cycle Name + Birth Years Boomer 1943-1960 X 1961-1981 Millennials 1982-2000/01 15th (Homeland or iGeneration) 2000/01-20??
  • 15. 4/2 4 Stage/2 Stroke Per Cycle The Fourth Turning Howe and Strauss
  • 16. Revolutionary Cycle Name (Birth Years) = Description Awakening (1701-1723) = Idealist Liberty (1724-1741) = Reactive Republican (1742-1766) = Civic Compromise (1767-1791) = Adaptive
  • 17. Civil War Cycle Name (Birth Years) = Description Transcendental (1792-1821) = Idealist Gilded (1822-1842) = Reactive Progressive (1843-1859) = Adaptive
  • 18. Great Power Cycle Name (Birth Years) = Description Missionary (1860-1882) = Idealist Lost (1883-1900) = Reactive G.I. (1901-1924) = Civic Silent (1925-1942) = Adaptive
  • 19. Millennial Cycle Name (Birth Years) = Description Boomer (1943-1960) = Idealist X (1961-1981) = Reactive Millennials (1982-2000/01) = Civic 15th (Homeland or iGeneration) (2000/01-20??) = Adaptive
  • 20. 4 Stage / 2 Stroke Idealist Idealist birth Civic Reactive Reactive birth Adaptive Civic Civic birth Idealist Adaptive Adaptive birth Reactive Repeat
  • 21. Each Generation Rebels against the elder-built world and against the generation before it. (Think X>Boomer and Millennial>X) Redirects society towards its own inclinations.
  • 22. Each Generation 1. Solves the problems facing the prior youth generation (Millennial>X) 2. Corrects for the behavioral excess it perceives in current midlife generation (Millennial>Boomer) 3. Fills the social role being vacated by the departing elder generation (Millennials>G.I.)
  • 23. Each Generation Is shaped by their surroundings and by the generations with which they interact. While being born becomes history, and as they age they make history.
  • 24. Types of History Social Moment - a brief period of time when people perceive historical events to radically alter their social environments. 1. Secular Crisis - when society focuses on reordering the outer world of institutions and social behavior. 2. Spiritual Awakening - when society focuses on changing the inner world of values and personal behavior.
  • 25. Repeating in America 1. Idealist (Boomer)- encounters a spiritual awakening in rising adulthood and a secular crisis entering elderhood. 2. Reactive (X) - encounters a spiritual awakening entering youth, and a secular crisis entering midlife. 3. Civic (GI; Millennial)- encounters a secular crisis entering rising adulthood, and a spiritual awakening entering elderhood. 4. Adaptive (Silent; Homeland)- encounters a secular crisis entering youth, and a spiritual awakening entering midlife.
  • 26.
  • 27.
  • 28. “Applications and yield numbers are down” NACAC Study, October 2010 “Loan crisis goes to college.” CNN Money.com, May 2010 “College loans are the new subprime crisis” New York Times, June 2010
  • 29.
  • 30.
  • 31. “A generation that can sneakily trump boomer X narcissism and millennial entitlement.” Jeff Gordiner, “X Saves the World: How Generation X Got the Shaft but Can Still Keep Everything from Sucking”
  • 32.
  • 33. About Generation X Born and raised as independent latch-key kids. Sexual Revolution, Watergate, Vietnam, Gay Rights, High Divorce Rate, Recession and Woman’s Movement peppered their youth. Demonized by Hollywood: Rosemary’s Baby, The Exorcist, Taxi Driver, Pretty Baby and The Omen.
  • 34. About Generation X Betrayed by social institutions in their youth. Boomer envy. Pragmatic. To the point. Playing to win by half expecting to lose. Proud of their ability to cut through the hype.
  • 35. About Generation X Becoming cautious in family life and gradually mellowing in personality. Dedicated to starting and maintaining stable families, something their Silent generation parents did not.
  • 36. Millennial Largest, most wanted, most watched over and most diverse generation in American history. Howe and Strauss “Millennials Rising”
  • 37.
  • 38. The Three “Kaitlins” Kaitlin Caitlin Kate Lynn
  • 39.
  • 40.
  • 42.
  • 43.
  • 44. 3.6 Average birthrate of Millennials (in millions) Howe and Strauss “Millennials Rising”
  • 45. 76 Million Millennials (vs. 72 million Boomers and 42 million Xers) Howe and Strauss “Millennials Rising”
  • 46. $50k Parents willing to pay for an ovum from an attractive, high IQ, female at a top university Howe and Strauss “Millennials Rising”
  • 47. 50% Increase in amount of stuff in weight in average American homes vs. 20 years ago US News and World Report, 2008
  • 48. 87% College freshmen who have never shared a room with a sibling Chronicle of Higher Education, November 2009
  • 49. About Millennials 35% are non-white (and Latino). 1 in 5 have an immigrant parent, 1 in 10 have a non-citizen parent. Largest separation in wealth in American history.
  • 50. About Millennials Celebrated, cherished and protected. Celebrated by Hollywood: Three Men and Baby, Baby Boom, Mr. Mom and Disney princesses. Empowered females. Bike helmets, car seats, nanny cams and more.
  • 51. About Millennials Raised by attached parents. Freakishly close to their “Helicopter Parents” or “Blackhawks” transitioning to “Stealth.” Parents are “Best Friends” and co-purchasing. Conservative. Or Conventional?
  • 52. About Millennials Team Oriented. Task Oriented. Civic Oriented. (not in march on D.C. way) Want to achieve high standards set for them. Feel that they have already “paid their dues.”
  • 53.
  • 54.
  • 55. Reaching Millennials Eliminate Ambiguity. Think of Time as 24/7 Resource. Combine Work with Play. Make it Worthwhile. Handle with Care. Play to Their Strengths. Group Think.
  • 56. 5000 Marketing messages your members are assaulted by each day Adweek November 2006
  • 57. 90% Consumers who trust word of mouth, vs. traditional advertising Adweek November 2006
  • 58. Watch Welcome to the Social Media Revolution
  • 59. Millennials Rebooted Recognize 2nd Cohort. Post Great Recession. Shift from Boomer Helicopter to Xer Stealth. Parents want ROI. Financial Aid knowledge is key! Cut through the hype. Online and In-Person support work in tandem.
  • 60. Who is Next? 15th Homeland or iGeneration 2000/2001-?
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  • 64. Media and Resources The Medium: Sweeping the Clouds Away http://www.nytimes.com/2007/11/18/magazine/18wwln-medium-t.html Web 2.0 Video http://www.youtube.com/watch?v=6gmP4nkeOE0E Pew Internet Research http://www.pewinternet.org/Reports/2010/Social-Media-and-Young-Adults.aspx
  • 65. Mommy, Tell My Professor He’s Not Nice http://www.sptimes.com/2006/06/19/State/Mommy__tell_my_profes.shtml A Generation Serves Notice; It's a Moving Target http://query.nytimes.com/gst/fullpage.html? res=9D0CE7D9123FF931A15752C0A9609C8B63 Facebook grows up http://www.newsweek.com/id/32261/page/2
  • 66. YouthQuake (Millennial Values in Work) http://www.businessweek.com/magazine/content/08_03/b4067000290367.htm? chan=magazine+channel_top+stories Scenes From A Culture Clash http://www.fastcompany.com/magazine/102/culture-clash.html Get The Best Out Of Millennials http://www.adage.com/talentworks/article?article_id=124891
  • 67. The Millennials are Coming http://www.cbsnews.com/stories/2007/11/08/60minutes/main3475200.shtml Employee Evolution - Millennials at Work http://www.employeeevolution.com/ TargetX iThink Blog http://.targetx.com/ithink
  • 68. Download Session PDF 1. Wait for our email with link 2. Go to: www.slideshare.net/targetx/naccap-millennials-rebooted 3. Follow these steps: a. Go to: www.slideshare.net/targetx b. search NACCAP
  • 69. Free On Friday Webcasts www.targetx.com/webcast
  • 72. Millennials (and their parents) Rebooted Text NACCAP 2011 Kevin Corr, Director of Sales