Complex Made Simple

5 things Millennials plan to do in 2018

It’s not surprising that Millennials (also known as Gen Y) are on everyone’s lips as they are a large and influential segment of the world’s population.

According to Deloitte, consulting and advisory services company, the Millennial generation accounts today for a quarter of the population and will tally for three quarters of the global workforce by 2025.

A research by the Berkley Research Group reveals the Gen Y market has dramatically reached a market of $200 billion

Millennials are tech savvy and activists for personal rights, while they strive to make a change and build a better world.

What will be the 5 resolutions of Millennials in 2018?

Read: Between Qatar and Yemen, Saudi has its hands full

Travel

Millennials will travel more. Tourism Update, a travel platform, reveals that millennials in the US, UK and China prioritised travel over purchasing a home, getting a car, or paying off debt. “In that same survey, when it came to what millennials put their savings towards, travel was also prioritised in China and the UK. With all three groups stating that their focus is local and personalised travel, with at least 80% of each group saying the best way to learn about a place is to live like a local.”

The Readers’ Digest says that Millennials surveyed estimated they’d be shelling out nearly $7,000 in 2018 for their vacations.

Invest in Crypto Currency

The Merkle, a platform for finance and tech news, says that right now, around 5% of Millennials have already invested in various cryptocurrencies. “This percentage will keep on growing, and it is expected that nearly 33% of all Millennials will hold at least one cryptocurrency by the end of 2018,” it said.

check this: Apple, Samsung and Huawei will fall flat on their faces without which firm?

Shop more online

A study by IT proportal, a tech news website, 2018 will see mobile browsing driving e-commerce — and businesses must make sure their websites are mobile-friendly across devices.

It says that 67% of Millennials prefer to shop online rather than in-store and they are expected to keep on doing so in 2018.

“Studies suggest millennials are three times as likely as Baby Boomers to have made an online purchase from bed,” it said.

According to TexWorld, a news website, Millennials expect to have the same experience they have online in stores.

It quoted Brent Franson, chief executive officer of Euclid Analytics, as saying that Millennials and other mobile-connected consumers want from physical retail what they get online: A highly personalized and convenient shopping experience.

Buy a house

Lisa Kirschner properties, real estate consultancy firm, quotes Lawrence Yun, Chief Economist at the National Association of Realtors, as saying that “there will be an uptick in millennial buyers this year which is a good sign, because as home values rise, we want a wider number of people to participate in this housing recovery.”

Lisa Kirschner properties says that as home prices outpace wage growth, millennials are striving to stay within their budget which, consequently, means a purchasing a smaller home.

Read: Cryptocurrency has taken the plunge! Is Bitcoin preparing for a major crash!

Take time for self-care.

According to a recent study prepared by Forbes, more employees are planning to make time for self-care in their workday, whether it’s journaling in the morning or taking a walk in the afternoon.

“I catch myself getting a little too excited about getting through my list of to-dos before I reward myself with a break outside,” said Andrea Oliveira, CEO and founder of Oliveira House PR as reported by Forbes.

“Inevitably, the list grows and before I know it the day’s over and I never stepped outside for more than a few minutes.” To remedy this, Oliveira resolves to go outside for 30 minutes each day by booking regular.

Forbes also quotes Brittany Murlas, founder of The Little Feminist, planning to add a regular meditation practice to her mornings with the help of a mediation app. “I know I’ve meditated 54% of the 2017 days, but I’m aiming for 100% in 2018,” she said.