8 Questions With A 19-Year-Old: Medha Satyal

We're back with our "Questions With a Millennial" feature to provide you with insights on Gen Y. Today we chatted with Medha Saytal, a 19-year-old college freshman who shared her habits and interests.

What are 5 things you couldn't live without?

1. Family and friends
2. Internet
3. Books
4. Phone
5. Coffee

How do you typically watch TV? On a set or streaming? Alone or with family or friends?

I usually watch shows alone online. It's more convenient that way; I can just watch when I have some extra time, and don't need to make other plans around when the show is on TV.

What's your preferred social network and why?

I prefer Facebook because it helps me keep up with what's going on in my friends' lives, and I find it easier to navigate than Twitter and other similar social networks.Medha Questions

About how often do you check your cellphone?

It is almost always on me, so I check it as soon as I hear it buzz unless I'm in class or a meeting.

What's the last thing you watched on YouTube?

The last thing I watched on YouTube was the newest VlogBrothers video.

How do you typically get news, if at all?

I get most of my news by browsing several online newspapers, and I also listen to the BBC World News podcast everyday.

What brand do you think really understands your generation and why?

Forever 21. The clothes are stylish and affordable. Many people in my generation are concerned about money, but still want to be dressed in something that's in style this season. I think Forever 21 gives us this, and has enough of a variety of clothing that most people can find something that fits their own style there. And the store's name appeals to young people.

What's one trend you're seeing among your generation?

Many people want unique clothes, accessories or other items -- something to…

 
 

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Millennial News Feed

Quote of the Day: “I consider luxury items as something that is nice to have, but that I can also live without.”—Female, 23, FL

How has the recession made Millennials reject capitalism? According to a Harvard University survey, 51% of 18-29-year-olds say they do not support capitalism, but it may be that young voters are essentially frustrated by the “flaws of free markets.” When asked about socialism, only 33% said they were in support of the alternative system, making the analysis of the data complex. It is also unclear how the Millennials surveyed define capitalism, since the meaning has shifted throughout the years. According to one pollster, the term once meant freedom from totalitarian regimes, but is now blamed for the financial crisis. (Washington Post

Financial technology startups are narrowing their focus to keep Silicon Valley interested. It is no longer enough for a young company to disrupt the financial industry, they need to think niche to stand out from the competition. Financial start-up Pave targets consumers with a lack of credit history, like college students. Promise Financial provides loans specifically for weddings (which 74% of 18-33-year-olds say have become too expensive), and has partnered with over 100 wedding venues and vendors to offer loans when major purchases are being made. (Wall Street Journal

Luxury brands are looking towards the future by focusing in on Millennials. The generation has the potential to be the largest spending group in history, and by 2020 the oldest Millennials will be entering their peak earning years. To prepare, luxury brands are shifting to cater to the generation who values “über-luxe” travel over costly jewelry, shoes, and bags. Brands are turning to new influencers—from the Instagram-famous to video game characters— to form relationships with Millennials before they become the core luxury demographic. (WWD

GE has created an unexpected product to attract Millennial engineers: hot sauce. In partnership with thrillist and High River Sauces, the company has introduced the limited edition 10^32 Kelvin—named after the temperature that “scientists believe all matter ceases to exist.” The sauce combines the two hottest peppers in the world, and is made to get the attention of young applicants who may be more inclined to work for a “trendier” company. There is no doubt that hot sauce is a major trend: one market research firm predicts that by 2020 popular sauces will earn $632 million in new sales. (Fox News

An exclusive club called Magnises is “targeting Millennials and brands, wallets and insecurities.” We first told you about Magnises as a start-up targeting high earning Millennials, and since then it has branched out as a community-focused platform joining the ranks of WeLive and Soho House. Playing off Millennials’ struggle to form connections, the company wants to bring “the benefits of an online social network immediacy, convenience, interactivity—into the real world,” through member-only and sponsored events. They are expecting $5 million in revenue this year, with the  majority coming from brands. (Racked

Quote of the Day: “When shopping for a home, my must-have is an in-law suite.”—Male, 23, DE

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