15 ways millennials changed the world in the 2010s
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- Millennials have helped reinvent the world in the past decade.
- As they've aged into the part of life where they'll be hitting many of their peak life milestones, they've delayed big events like homeownership and marriage.
- Millennials want an easy life - one that's accessible, convenient, comfortable, full of experiences, and looks good on Instagram.
- Industries have shifted to cater to millennials and startups have sprung up to fill in gaps in the market.
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"Millennials are changing everything."That's what many a media headline - including my own - has proclaimed over the past decade.
In 2010, the generation turned ages 14 to 29. In 2020, they'll be turning 24 to 39. Throughout these past 10 years, they've entered young adulthood and started hitting peak life milestones. The generation also represents the strongest sector of the job market and the world's most powerful consumers.Here's a breakdown of how that's helped them transform the world:
- Personal Life: Financial constraints are pushing millennials to delay homeownership and marriage, causing them to transform the face of the traditional American family.
- Retail: Millennials have taken to spending their money online or on experiences, causing retailers to shift strategies or shut down. They've made the wedding and luxury industries more casual and have fueled growth in the wellness industry.
- Tech Innovation: Millennials' penchant for social media and convenience has created new industries and many startups.
- Activism: Diverse, indebted, and depressed, millennials are speaking up about everything from mental health and money to social issues, pushing their concerns to the front of the conversation.
It's worth noting that these trends also apply to other generations, but millennials are leading the way. Here's how millennials have reinvented the world in the past decade.
PERSONAL LIFE: Financial constraints and skyrocketing home prices have caused millennials to delay homeownership or take new means to get there.
Millennials are also delaying marriage because of money, and they're more successful for it.Advertisement
By delaying marriage, kids, and moving into their own place, millennials are reinventing the typical American family.
In the workplace, millennials are seeking purposeful careers, autonomy, and benefits for a better life.Advertisement
RETAIL: Millennials are shopping online and spending more money on experiences, thereby changing the face of American retail.
Millennials have turned the luxury sector on its head by making it more casual and accessible.Advertisement
Millennials are also changing the wedding industry.
Millennials spend a lot on their health, making them key players in the wellness industry boom.Advertisement
TECH INNOVATION: Millennials are the social media generation, which has changed the way people live and brands sell.
Millennials' desire for convenience has given rise to the rental, share, and delivery economies.Advertisement
Dating apps also make it more convenient for millennials to find love — and they've completely transformed today's dating world.
All of these innovations in tech have driven a heavy startup culture, as millennials identify and cater to the needs of their generation.Advertisement
ACTIVISM: Millennials are destigmatizing taboo topics their parents wouldn't discuss, namely financial and mental health.
As college costs increase and more millennials rack up student-loan debt, they've pushed the issue to the forefront of a nationwide debate.Advertisement
As the most diverse generation to date, millennials are making a difference in politics and social issues.
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