It’s not easy to make a definition of “generations”. In order to avoid subjective divisions and generalised traits of each cohort, we must consider base date ranges for generations on common economic, social and political factors which happened during formative years.
Accordingly, world population is classified and categorised so that the generational researchers can analyse the different generations, understand their educational backgrounds, their inclinations and their psyche.
Generational studies show us that a classification is possible starting from the Baby Boomers until today. When drawing the borders between generations, the common shared experience of the people is taken into consideration. Hence the name “Baby Boomers” referring to the increase in population.
In other words, key social and political issues of the period are the elemental factor to give a name to that generation. Baby Boomers are those who are born between 1946 and 1964. Post-war world experienced a population increase and the job market started to grow. Baby Boomers are followed by Generation X, born between 1965 and 1980, the smallest generation by population due to lower birth rates.
Generation X is followed by the Millenials. Also sometimes referred to as Generation Y, Millennials are those who are born between 1981 and 1996. Note that Millennials outnumber Baby boomers as of 2019. They are now the largest generational cohort. People born between 1997 and 2012 are whom we call Generation Z. This particular group is sometimes called Zoomers, Post Millennials, or Homelanders. They are considered “digital natives” or “born digital” because ever since they were born, the internet has always been a part of their lives.
They grew up in a world concerned with security (this has a lot to do with September 11 attacks in the United States despite the fact that most of them are too young to remember the events). International terrorism and war have been in their lives and today Generation Z are the most ethnically and racially diverse generational cohort. Those who are born as early as 2010 are the first cohort entirely to be born within the 21st. Century. We call them Generation Alpha. Generation Alpha has the defining shared experience of the coronavirus (COVID-19) during their formative years thus we also refer to them as Generation Covid.
In this article we will talk about Generation Z and their impact on the economy while we entertain other topics related to the members of previous generations.
Gen Z are the people who were raised while deeply being connected to technology and grew up in an environment where technology was available to them pretty much from the moment that they became self-aware.
Gen Z characteristics are interesting and specific: gamers and music-goers, they are known for being ever-present messaging, on the internet, on social network platforms, and mobile systems. They are the utmost “Digital-ites”. It’s important to know how the business world will adapt to this new generation of workers in the workplace and it’s in the best interest of companies and leadership to get to know Gen Z. Below are some more traits:
Having been brought up in the age of information and technology, Gen Z members have a better aptitude for new generation learning methods. New generation learning methods may be problematic for students, teachers and educational staff. Gen Z’ers are different from Millennials in many ways.
They have less validation expectations, they are more independent and more entrepreneurial. They are also more competitive and more communicative. They are motivated by security and driven by financial/career goals. Following are a few reminders to help with the process:
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