Research Roundup

Education, Employment, Finance

• April 23rd, 2012
• ypulse

A majority of Millennials have jobs, even those who also go to school. For high schoolers, money matters most when accepting a job, whereas collegians place the most importance on the personal satisfaction they get from the job. Non-students value the work experience they’ll earn, according to Ypulse. Most Millennials say their job hunt has been much more difficult than they expected. Many are settling for what they can get because finding a “good” or “interesting” job is tough. They aren’t happy about settling; they would prefer to work on their passions rather than for a paycheck, but they’re realistic about having to pay bills and gain work experience. Still, despite the tough economy, they’re confident that they’ll eventually get to work at their dream job and accomplish their professional goals before they retire.

Millennials are also conflicted about college. They feel that they’re expected to get a degree, and most plan to do so, as well as complete a graduate or professional degree. But they’re beginning to question if the cost of college is worth it overall. Speaking of money, most Millennials use financial services, even those under age 18. Younger Millennials tend to rely on cash to pay for the things they buy, with only a few using debit or credit cards. Older Millennials are much less likely to use cash, making most of their purchases with debit cards. Those aged 18 and older have and use a variety of financial services, and most prefer to perform their banking transactions online. Although Millennials under 18 don’t own many financial products themselves, most use financial services, preferring to perform transactions with a teller or via an ATM. Cost: $2,000.

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