OACAC Millennials Rebooted

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Transcript of OACAC Millennials Rebooted

MillennialsText

(and their parents)Rebooted

OACAC 2011Jeff Kallay - VP Consulting a.k.a.“Apostle of Authenticity”

15 American Generations 4 Cycles = 4 Stage/2 Stroke

Generation XMillennials

Millennials RebootedWhat does it all mean?

Discussion and Media Resources

Manage the Expectations

Disclaimers

“In America, each generation is a new people.”Alec de Tocqueville, 1830

LifeCourse Associates www.lifecourse.com

4Number of books by Howe and Strauss

Generations, 13th Gen, The Fourth Turning and Millennials Rising

LifeCourse Associates www.lifecourse.com

4 - Number of books by Howe and StraussGenerations, 13th Gen, The Fourth Turning

and Millennials Rising

LifeCourse Associates www.lifecourse.com

4Number of Generations Colliding

in the WorkplaceSilent, Boomers, Xers and Millennials

Howe and Strauss

23.4Average Number of Years of

American Generations

Howe and Strauss

15American Generations (19 New World)

Howe and Strauss

4Number of Generational Cycles and

Number of Generations Per Cycle

Name + Birth YearsAwakening + 1701-1723

Liberty + 1724-1741Republican + 1742-1766

Compromise + 1767-1791

Revolutionary Cycle

Name + Birth YearsTranscendental + 1792-1821

Gilded + 1822-1842Progressive + 1843-1859

Civil War Cycle

Name + Birth YearsMissionary + 1860-1882

Lost + 1883-1900G.I. + 1901-1924

Silent + 1925-1942

Great Power Cycle

Name + Birth YearsBoomer + 1943-1960

X + 1961-1981Millennials + 1982-2000/01

15th (Homeland or iGeneration) + 2000/01-20??

Millennial Cycle

Howe and Strauss

4/24 Stage/2 Stroke Per Cycle

The Fourth Turning

Name + Birth Years = Description Awakening + 1701-1723 = Idealist

Liberty + 1724-1741 = ReactiveRepublican + 1742-1766 = Civic

Compromise + 1767-1791 = Adaptive

Revolutionary Cycle

Name + Birth Years = DescriptionTranscendental + 1792-1821 = Idealist

Gilded + 1822-1842 = ReactiveProgressive + 1843-1859 = Adaptive

Civil War Cycle

Name + Birth Years = DescriptionMissionary + 1860-1882 = Idealist

Lost + 1883-1900 = ReactiveG.I. + 1901-1924 = Civic

Silent + 1925-1942 = Adaptive

Great Power Cycle

Name + Birth Years = DescriptionBoomer + 1943-1960 = Idealist

X + 1961-1981 = ReactiveMillennials + 1982-2000/01 = Civic

15th (Homeland or iGeneration) + 2000/01-20?? = Adaptive

Millennial Cycle

Idealist birth CivicReactive birth Adaptive

Civic birth IdealistAdaptive birth Reactive

Repeat

4 Stage / 2 StrokeIdealist Reactive

CivicAdaptive

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.

Each Generation

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 outerworld of institutions and social behavior.

2. Spiritual Awakening - when society focuses on changingthe inner world of values and personal behavior.

Types of History

1. Idealist - encounters a spiritual awakening in rising adulthood and a secular crisis entering elderhood.

2. Reactive - encounters a spiritual awakening entering youth,and a secular crisis entering midlife.

3. Civic - encounters a secular crisis entering rising adulthood, and a spiritual awakening entering elderhood.

4. Adaptive - encounters a secular crisis entering youth,and a spiritual awakening entering midlife.

Repeating in America

Five Surprising Facts Marketers Should Know About 2010 Census Stats

Advertising Age April 4, 2011

http://adage.com/article/news/census-2010-surprising-facts-marketers/149692/

“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

vs.XMillennial

X“A generation that can sneakily trump boomer

narcissism and millennial entitlement.”

Jeff Gordiner, “X Saves the World: How Generation X Got the Shaft but Can Still Keep Everything from Sucking”

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

Playing to win by half expecting to lose.

Accepting wide gaps between personal outcomes and sex roles.

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.

About Generation X

MillennialLargest, most wanted, most watched over and most diverse generation in American history.

Howe and Strauss “Millennials Rising”

The Three “Kaitlins”

Kaitlin Caitlin Kate Lynn

3.6Average birthrate of Millennials

(in millions)

Howe and Strauss “Millennials Rising”

76Million Millennials

(vs. 72 million Boomers and 42 million Xers)

Howe and Strauss “Millennials Rising”

$50kParents 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

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.”

About 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.

Reaching Millennials

5000Marketing messages your members are

assaulted by each day

Adweek November 2006

90%Consumers who trust word of mouth,

vs. traditional advertising

Adweek November 2006

Regonize 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.

Millennials Rebooted

Who is Next?

15thHomeland or iGeneration

2000/2001-?

Your Bookshelf

1. Wait for our email with link

2. Go to: www.slideshare.net/targetx/oacac-millennials-rebooted

3. Follow these steps:a. Go to: www.slideshare.net/targetx

b. search OACAC

Download Session PDF

Free On Friday Webcasts

www.targetx.com/webcast

iThink Online

www.targetx.com/ithink

MillennialsText

(and their parents)Rebooted

OACAC 2011Jeff Kallay - VP Consulting a.k.a.“Apostle of Authenticity”