We’ve all read blogs,
seen news stories, and heard comments about how Millennials are changing the
world; sometimes for the better but usually it’s the opposite. eMarketer has
compiled a list of six things that weren’t true of Millennials in 2016; a list
that provides some light on the typically negative viewpoint of these young
adults.
Millennials
will never become homeowners
False-
according to a Navient survey in May, 71% of Millennials aged 31 to 35 own
their home and most of these homeowners living in the suburbs.
Millennials barely watch
any traditional TV
It’s
true that Millennials watch less
traditional TV, but they haven’t cut out “the tube” all together. eMarketer
estimates that nine in 10 Millennials watch non-digital TV at least once a
month in 2016.
Millennials have stopped
listening to traditional radio
Not
the case! Yes, with options like Pandora and Spotify, traditional radio usage
has declined but it is not extinct. The trend is similar with that of
television; there are more convenient options that Millennials are taking
advantage of, but they’re not completely leaving traditional methods in the
dust. In fact, younger Millennials (18-24) average 10 hours and 24 minutes per
week with AM/FM radio. That number jumps to 11 hours and 20 minutes when
talking about Millennials aged 25-34.
Millennials are moving
their social presence from Facebook
With
the addition of new social sites, the options are much broader, but Millennials
are still actively on Facebook. Buzz Marketing Group asked Millennials to list
their daily activities and 85% of respondents reported that one daily activity
was posting or reading posts on Facebook. According to Roth Capital Partners,
Facebook is the most frequently used social network by millennial mothers.
Millennials always
ignore marketing emails
Nope!
Millennials might frequently ignore said emails, but always is a bit drastic. A
survey by Fluent shows that 12% of 18 to 29 year olds find marketing emails to always be useful. Averagely, 30% said
marketing emails are sometimes
useful.
Millennials have no
intentions of getting married
That
is just not true. Today’s young adults
are getting married later in life than their parents and grandparents did,
however that doesn’t mean they won’t marry at all. Census Bureau data for 2016
shows that 62.2% of 25-29 year olds have never married, 38.6% of 30-34 year
olds have never married, and only 24.1% of 35-39 year olds have never married.
Millennials
might be different than the generations they follow, but they don’t seem to be
living up to all the negative expectations. As for marketers, there are still
tons of ways to reach these young adults from traditional TV to internet
streaming radio, social media to wedding magazines, even real estate flyers and
e-newsletters.