How Boomer Parenting Fueled Millennial Burnout

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How Boomer Parenting Fueled Millennial Burnout

How Boomer Parenting Fueled Millennial Burnout

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Read Former Stanford Dean Says Overparenting Leads To Kids Being Unprepared For College Online

Every generation has its own defining characteristics, but millennials are a generation apart — or so the world says.

Raised by the Baby Boomers, Millennials were born between 1981 and 1996 and are between the ages of 23 and 38 this year. This is the first generation to grow up with the internet. They came of age and began working during the Great Recession, both of which played a major role in shaping their lives.

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They are also the first generation to encourage self-reflection, writes Anna Feinberg for The New Yorker. So perhaps no other generation has received so many labels.

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Millennials are celebrated for their financial struggles, criticized for being exclusive and entitled, and applauded for their successes in education and diversity.

Sierra Jefferson celebrates with her graduating class after President Barack Obama’s 2016 commencement speech at Howard University in Washington, Saturday, May 7, 2016. Obama says the country is “better off today” than when he left. , citing his historic election as “an indication of how attitudes have changed.” Jose Luis Magana/AP

Both NPR and the Pew Research Center have reported that millennials are the most educated generation in US history. According to Pew, 39% of Millennials have a bachelor’s degree or higher, compared to 29% of Gen Xers, 24% of early Baby Boomers and 25% of late Baby Boomers.

How Boomer Parenting Fueled Millennial Burnout

William H., a representative of the Brookings Institution. According to Frey’s report, 36 percent of all millennials between the ages of 25 and 34 had completed a college degree by 2015—compared to 29% of the same age group in 2000 and 24% in 1980.

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While millennials are the most educated generation, they are also the generation with the most debt. Millennials have more than $1 trillion in debt, a 22% increase over the past five years, according to the New York Federal Reserve. That’s more than any other generation in history.

A decent portion of this debt is student loan debt. As more millennials attend college and tuition costs rise, the weight of student loan debt has grown. According to Student Loan Hero, the average student loan debt per graduate in 2018 was $29,800.

But despite high levels of debt, the Great Recession and recent technological advances have made millennials more conservative with their money, University of South Carolina finance professor Jimmy Lenz wrote in a report published on Business Insider.

A Fed report released in November found that millennials’ spending habits are similar to those of previous generations, but they have far less money than age Xers and baby boomers. “Millennials have less income, lower wages, less assets and less wealth than previous generations when they were younger,” the study said.

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According to a Deloitte study released earlier this year, American millennials also have an average net worth of less than $8,000, lagging behind other generations financially. Their financial picture has been hit hard by the Great Recession, the rising cost of living, and student loan debt.

Despite findings that Millennials have less wealth than previous generations, the “millennials are rich” narrative continues to be supported.

In December 2018, the Pew Research Center released a study showing that millennial households earn more money than previous generations at almost any point in the past 50 years. Based on this, Quartz calls millennials the “richest generation.”

How Boomer Parenting Fueled Millennial Burnout

A November report from the Federal Reserve found that while personal incomes for millennials fell, family income (household income) for married couples rose, similar to Pew’s analysis. Individuals earn less, but households earn more.

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The rise of the rental and sharing economy, driven largely by millennials, has led The New York Times to call this generation the “rental generation.”

In an op-ed for The Times, Sapna Maheshwari wrote, “Many young American urbanites are refusing to live without property.” Today, everything is rented, he said.

Services like Uber and Lyft are influencing millennials’ calculations about whether or not they need a car. There are clothing subscription services like Rent the Runway and furniture like Fernish. Even Ikea recently announced plans to rent furniture. Airbnb and now Marriotto offer home rentals. In a shared workspace like WeWork, people rent office space.

There’s also the fact that Millennials are renting longer and buying later. The trend among millennials to rent everything from furniture to housing may be partly due to the lack of affluence brought on by the Great Recession, but Maheshwari said some millennials are opting for rental flexibility by exploring different cities and jobs.

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Millennials are known as the “Netflix Generation” for ditching cable TV and embracing streaming services like Netflix and Hulu. In fact, 89% of millennials say they watch most of their “TV” on non-direct Netflix, Business Insider’s Carrie Witmer reported, citing a Rotten Tomatoes survey.

They even turn to streaming services to combat burnout. According to a survey by YellowBrick, a mental health and trauma center for young adults, millennial respondents cited watching Netflix or Hulu as their top coping mechanism.

Given Millennials’ desire to rent and the fact that they are the first generation to fully immerse themselves in the world of technology, the findings are not surprising.

How Boomer Parenting Fueled Millennial Burnout

Sanford Healthcare has named millennials the “wellness generation” thanks to the generation’s increased spending on health and wellness. Recent research shows that millennials place health and wellness second only to family.

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According to Sanford Health, millennials in general lead healthier lifestyles than previous generations, eating healthier, smoking less and exercising more.

Some millennials are spending more on fitness than education, reports MarketWatch’s Jeanette Setembre. A 26-year-old New York woman said in September that she spent $500 a month, or $6,000 a year, on fitness classes at the boutique.

According to Business Insider’s Ivan De Luce, cases of burnout have been increasing at an alarming rate in recent years. The World Health Organization recently classified fatigue as a “syndrome,” making it a medical condition for the first time.

But millennials report suffering from burnout more than other generations; In a January 2019 BuzzFeed article, Ann Helen Petersen called them the “burnt-out generation.”

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Peterson attributed the generational phenomenon to millennials’ upbringing, the economic environment in which they grew up, social networks, and anxieties associated with easy, simple tasks like commuting to work.

YouGov named millennials the “loneliest generation” based on a survey of 1,254 American adults. Millennials have been found to feel more lonely than previous generations. 30% of those surveyed said they always or often feel lonely, compared to 20% of Millennials and 15% of Boomers.

According to a report by Blue Cross Blue Shield, depression diagnoses have increased by 47% since 2013, given millennials’ feelings of loneliness and exhaustion.

How Boomer Parenting Fueled Millennial Burnout

Millennials are conscious of their mental health. They help destigmatize therapy, Peggy Drexler wrote in an essay for The Wall Street Journal: “Raised by parents who openly go to therapy themselves and also send their children, today’s 20- and 30-somethings are seeking therapy earlier and with less warning. the youth of previous eras”.

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He cited a 2017 report from Penn State University’s Center for Student Mental Health, which found that the number of college students seeking mental health help increased fivefold from 2011 to 2016 compared to college freshmen.

Millennials, he says, see therapy as a form of self-improvement — and they suffer from a desire to be perfect, which they seek help for when they feel like they’re falling short of their expectations. Celebrities like Demi Lovato and Lady Gaga’s struggles with depression and conversations on social media have also helped normalize therapy, Drexler wrote.

In a 2017 interview with Forbes magazine, generational expert Neil Howe noted that news organizations often refer to millennials as “generational snowflakes,” a term that smacks of defensiveness, political correctness, and insensitivity.

Although there is a “grain of truth” in this stereotype, Howe, the critic paints a distorted picture. “Focusing only on these characteristics in a negative light often leads to unfounded millennial-related claims,” ​​he said. “And it tempts us to overlook the true power of millennials, the huge benefits they bring to our lives.

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