This investment insight discusses how Millennials are reshaping the world by how they choose to invest.
- Millennials have now surpassed Baby Boomers as the nation’s largest demographic segment.
- Also the most diverse generation since the early 20th century, Millennials believe they will make a global difference.
- Millennials have developed a distinct passion for championing equality, social justice, and care for the environment.
Once again, the times they are a changin’: Millennials have now surpassed the Baby Boomers as the nation’s largest demographic segment. At more than 83 million strong and comprising nearly one-third of the U.S. population, those born between 1980 and 2004 are redefining society in profound ways. And with more than $30 trillion passing to them through inheritance over the next 30 years, Millennial investors will use their wealth to reshape not just markets, but the world.
The mindset of Millennials
Think of how the world has changed during the lifetime of the Millennials. These are the children of astonishing advances in technology. They’ve come of age as the world has become a global community—in fact, with approximately 15% of U.S. Millennials of foreign birth, they’re the nation’s most diverse generation since the early 20th century.
As a result, it’s not uncommon for Millennials to have a uniquely fluid sense of the world and their place in it. They’ve developed a distinct passion for championing equality, social justice, and care for the environment. Their optimism is abundant—one recent study revealed that 74% of Millennials believe they will make a global difference. Millennial influence is already readily apparent, impacting all generations as people integrate technology more seamlessly into all facets of their personal and professional lives and see the world as a fully connected and interdependent global community.
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