Embracing Millennials’ Adventurous Side

Concert CrowdMillennials are adventure-seekers. They want to live in the moment, have fun with their friends, and make memories. They’re willing to spend their money on experiences such as concerts and trips to have a good time and document what they’re doing. As affordable adventures become increasingly important to Millennials, companies should take note and find ways to offer them experiences as well.

We often hear that Millennials want to be a part of epic activities whether that’s attending the coolest concert, partaking in a fun ski weekend with their friends, or making their own fun while thrift shopping. They want to have a story to share and pictures to prove how awesome it was. FOMO (fear of missing out) and YOLO (you only live once) became common catchphrases in the past year, highlighting this Millennial mindset that you should live your life to the fullest. Moreover, social media has amplified this sentiment. Millennials, now more than ever, have exposure to everything they are missing out on, making them more inclined to do and try everything. Where one checks in and what images they post help garner likes and social currency. That doesn’t mean material possessions don’t matter to Millennials, but they’re very interested in experiences that they can partake in with their friends and share with the rest of the network.

However, given the difficult economy, Millennials are practical in how they pay for these adventures. Many use sites such as Groupon or LivingSocial to achieve these cool experiences at a reduced cost. They’ll try a restaurant they may not ordinarily be able to afford, or plan a cool activity like whitewater rafting. They may do these things ordinarily without using deal sites, but regardless, they’re savvy in figuring out options that fit their budget and they’re…

 
 
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Millennial News Feed

Quote of the Day: “There was a travel commercial where the mother was stressed and daydreaming about laying on the beach escaping it all and then told the benefits and specials of the travel company. I felt like this commercial made parenting look like a chore and children something to be escaped.” –Female, 32, MA

It’s only April, but talk of prom is already buzzing. Promposals are a trend we highlighted last year, and as they become increasingly popular, they’re also becoming increasingly pricey. According to a Visa survey, this year the creative, out there, and publicized prom invites are costing an average of $324. Although these numbers are only predictions of what will be spent, they illustrate the popularity and growing importance of the new custom. On average, the promposal makes up about a third of the total cost of prom, which for 2015 is said to be $919 for everything including clothes, limos, tickets, flowers, and so on—down 6% from last year. (Washington Post)

Need some midweek inspiration? Well, this will either make you feel motivated or extremely jealous: These 12 teens are probably making more money than you, and if they aren’t now, they will be soon. The list includes a 17-year-old who has made millions with her jewelry company, app developers, self-published authors, and YouTube stars—all “beacons of multi-tasking excellence” who founded their companies while simultaneously going to school, applying to college, and just trying to do normal teenage things. (Inc.)

Here’s another Millennial name to keep an eye on: Olajide “KSI” Olatunji is a 21-year-old YouTube star who has used gaming, vlogging, and his online experience to become a self-made millionaire. KSI is being featured in Vice’s e-sports documentary series, and is reportedly the second most watched YouTube channel in the UK, with almost 9 million subscribers, and 1.5 billion video views. Fans tune in for his “boisterous” personality and energetic gameplay. While some companies have severed ties with the rising star thanks to some NSFW antics, he is continuing to expand his brand to include merchandising, music, and acting. His fame could continue to grow as young e-sports stars become more mainstream figures. (Business Insider)

Grocery shopping: It might not be glamorous, but it is a regular part of most consumers’ lives—including Millennials. As supermarkets struggle, they’re working to win over this generation of shoppers by stocking more of the foods they want, like “local, craft and fermented foods, and big international flavors (i.e., kimchi).” Experts also advise making grocery shopping an experience rather than a chore by hosting seasonal events, tastings, and cooking demos, to foster the “connection and community” Millennials want. Finally, eliminating store visits altogether might be necessary, as the “food tech sector is booming” and young consumers want everyday chores cut out of their schedules. (NPR)

Gender targeting isn’t just an issue in the toy aisle; it’s also extremely common on the mobile apps the next generation is spending a lot of their time on. But some parents don’t want their kids to feel excluded from certain games, or play in spaces where pink is only for girls and only boys can play with cars. Popular app developer Toca Boca recently announced that they’re actively focusing on creating gender neutral content to make all of their games more inclusive. Their Toca Hair Salon app has male, female, and androgynous characters, and the Toca Cars game features a brother and sister who are equally good at driving their cars. From the colors used in a science lab to the shape of robots, the developer works to create “gender balance” and make apps that appeal to boys and girls equally. (coolmomtechToca Boca)

Who has time to sift through data? If you do, please let us know your secret. For those of you who don’t, we have good news. Ypulse regularly publishes informative Infographic Snapshots to make even complex data easy to understand and quick to digest. These infographics are data visualizations that take our proprietary monthly survey stats and synthesize them to tell a story about this generation’s behaviors and views. (Ypulse)

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