Someone Compares The Difference Between Millennials And Baby Boomers And How They Treat Businesses

Comparing different generations is a trend that has definitely grown within past years, with such articles as “Millennials are killing so and so industry” passing around and the same millennials responding by pointing out flaws with such generations as baby boomers. Unfortunately, the conversation usually involves members of one generation criticizing or going as far as bashing the other. But with all the chaos and name calling, it’s impossible to deny that differences exist, and they’ve been studied extensively in various fields of research. From economy to language studies, to social and psychological variations, generations respond and work differently no matter the similarities that we as humans share.

Comparing behavior between the generations is not a new thing and spans over a number of different fields

Image credits: Walmart

One Tumblr user decided to delve deeper into the topic and analyze why millennials and baby boomers respond so differently to certain business practices. What started as a pondering about why baby boomers tend to cause scenes when they feel they’re mistreated by a service while millenials don’t, ended up with a conversation about ethical business practices and why millennials tend to support them more than the other generation.

One Tumblr user offered their own explanation on how differently millennials and baby boomers treat businesses

Since Tumblr is a social media that works as a digital discussion board, people, naturally, joined in on the conversation, offering their own input. Some expressed their agreements, others shared anecdotal experiences, while there were also those that were sceptical or pointed out inconsistencies in the original author’s points.

People, naturally, responded with their own opinions

According to Pew Research Center, while millennials are better educated than the previous generations, there’s also a large economical difference between those with college education and not. Compared to the previous generations, millennials are also less fortunate in household income department. According to the research center, “millennials with a bachelor’s degree or more and a full-time job had median annual earnings valued at $56,000 in 2018, roughly equal to those of college-educated Generation X workers in 2001.”

Probably led by economic disadvantage, as well as other social factors, millennials also struggle with forming their own households as compared to the previous generations. In 2018, 15% of Millennials (ages 25 to 37) were living with their parents which double of what “early Boomers and Silents (8% each) and 6 percentage points higher than Gen Xers who did so when they were the same age”, PRS states.