<P> In 2015, Millennials in New York City were reported as earning 20% less than the generation before them, as a result of entering the workforce during the great recession . Despite higher college attendance rates than Generation X, many were stuck in low - paid jobs, with the percentage of degree - educated young adults working in low - wage industries rising from 23% to 33% between 2000 and 2014 . In 2016, research from the Resolution Foundation found Millennials in the UK earned £ 8,000 less in their 20s than Generation X, describing Millennials as "on course to become the first generation to earn less than the one before". </P> <P> Generation Flux is a neologism and psychographic (not demographic) designation coined by Fast Company for American employees who need to make several changes in career throughout their working lives due to the chaotic nature of the job market following the Great Recession . Societal change has been accelerated by the use of social media, smartphones, mobile computing, and other new technologies . Those in "Generation Flux" have birth - years in the ranges of both Generation X and Millennials . "Generation Sell" was used by author William Deresiewicz to describe Millennials' interest in small businesses . </P> <P> Millennials are expected to make up approximately half of the U.S. workforce by 2020 . Millennials are the most highly educated and culturally diverse group of all generations, and have been regarded as hard to please when it comes to employers . To address these new challenges, many large firms are currently studying the social and behavioral patterns of Millennials and are trying to devise programs that decrease intergenerational estrangement, and increase relationships of reciprocal understanding between older employees and Millennials . The UK's Institute of Leadership & Management researched the gap in understanding between Millennial recruits and their managers in collaboration with Ashridge Business School . The findings included high expectations for advancement, salary and for a coaching relationship with their manager, and suggested that organizations will need to adapt to accommodate and make the best use of Millennials . In an example of a company trying to do just this, Goldman Sachs conducted training programs that used actors to portray Millennials who assertively sought more feedback, responsibility, and involvement in decision making . After the performance, employees discussed and debated the generational differences they saw played out . </P> <P> Millennials have benefited the least from the economic recovery following the Great Recession, as average incomes for this generation have fallen at twice the general adult population's total drop and are likely to be on a path toward lower incomes for at least another decade . A Bloomberg L.P. article wrote that "Three and a half years after the worst recession since the Great Depression, the earnings and employment gap between those in the under - 35 population and their parents and grandparents threatens to unravel the American dream of each generation doing better than the last . The nation's younger workers have benefited least from an economic recovery that has been the most uneven in recent history ." </P>

When do you have to be born to be a millennial