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The millennial generation has been pegged at seventy- one million Americans by the Pew Research centre, that defines them as those born between the years 1981 and 1996. In a survey conducted recently in Chicago by a financial website known as Finimize, a substantial number of millennials opted to quote banks as their desired place of work. This is in stark contrast to the risk- averse personality image that the generation seems to have popularly created. On the contrary, recent studies have confirmed the millennials to be risk- aware and risk- savvy. It is just that their leisure choices may seem different from those of the previous generations. They are slower to marry than the previous ones. While lesser amounts, have been generated in to retirement funds, more has been done for rainy day funds. Such trends have deep impacts on how millennials work. Job turnover is higher, as they do not view large corporations for their security needs but want to maintain a certain work- life balance. There is also now a greater demand for coaching and corporate training sessions that focus on the soft skills.

Source:https://www.strategy-business.com/blog/Millennials-are-risk-aware-not-risk-averse?gko=6e65f

Uploaded Date:29 August 2019

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