Gen Y Shares Their Thanksgiving Plans And What They’re Grateful For This Year

It’s almost Thanksgiving and Millennials can’t contain their excitement! We checked in with 538 13-34-year-olds the past few days to hear how they’ll be celebrating the holiday, as well as what they’re most thankful for this year. And as to be expected, they’re grateful for a lot, most notably their family and friends who are their support system. They’re eager to celebrate the holiday, which is a favorite for many, both because they get to spend time with their loved ones and because of the food. The ways in which they spend the holiday, the traditions they participate in, and what they’ll be giving thanks for this year provides insights into this generation and what they value the most.

Millennials are extremely close with their family, so it makes sense that they’re most thankful for them. Unlike previous generations, young people view their parents as close friends, and because of that, they like hanging out with their parents (perhaps in moderation though!) In today’s economy, it’s quite common for young people to move back home with their parents, so Millennials are more appreciative than ever of their Mom and Dad’s help, both emotionally and financially. Several “boomerang” Millennials mentioned that they’re glad to have gotten closer to their parents since returning to their childhood home, highlighting a trend wherein parents and kids continue to become closer. Their parents have believed in them and made them feel special their whole lives, and Millennials are appreciative to have their parents as pals. Gen Y is also grateful for their extended family, including their grandparents, aunts, and uncles, and many are excited about the holiday because they will get to see these loved ones.

It’s no surprise that friends are also extremely important to Millennials who do…

 
 

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Millennial News Feed

Quote of the Day: “Bojack Horseman was my favorite show last year because it was funny and real. Maybe too real, just beautiful.”–Male, 23, AZ

Binge drinking in college is common, and suggested reasons for the behaviors range from boredom to helicopter parenting—but it’s also possible they’re drinking to extremes to escape extreme stress. Today’s college students can have an “intense preoccupation with success” thanks to the competition it takes to get into schools, fear of the tough job market, and looming loan debt. In this context, “blacking out has become so normal that even if you don’t personally do it, you understand why others do. It’s a mutually recognized method of stress relief. To treat it as anything else would be judgmental." (NYTimes)

Once again, Millennials’ food preferences are “killing” a major product. Young consumers’ preoccupation with health have caused a yogurt problem for General Mills, where sales in the category have nosedived 15%. The downturn is likely due to the new perspective that sugar, not fat, is the real diet evil, a shift that has caused low-fat and low-cal foods to “fall out of vogue.”(As we predicted.) In more positive, related, news for the brand, organic and natural products have seen “immense growth.” (MediaPostMSN)

More teens are on YouTube than on the biggest social networks, according to research from the National Cyber Security Alliance and Microsoft. Their poll of 13-17-year-old internet users found that 91% say they use YouTube, compared to 66% who use Snapchat, 65% who use Instagram, and 61% who use Facebook. Their heavy use of the site is one of the reasons that YouTube creators have more influence over their purchase intent than traditional TV and movie celebs. Interestingly, the second most-used platform was actually Gmail, with 75% of teens reporting they use the email app. (eMarketer)

Millennials have been called out as a threat to the diamond industry, causing Twitter to offer their own blunt explanationsfor why the generation isn’t buying the “sparkly status symbols.” But hold up: De Beer’s annual report has declared, “Millennials spent nearly $26 billion on diamond jewelry [in 2015]…acquiring more than any other generation.” So why is everyone saying they aren’t buying diamonds when they reportedly purchased 45% of retail sales in four major markets? It might be another case of a narrative about the generation being more click-worthy than the reality. (Forbes)

This month, the Generation Beauty event brought together Instagram beauty influencers, beauty brands, and their loyal teen fans for a weekend of meet-and-greets and product samples. Young consumers are undoubtedly looking to their favorite digital personalities for product recommendations, and say it’s best “when they give their honest opinion,” trusting those posts more than those where copy is read directly off a package—“a dead giveaway that it’s sponsored.” Collaborations between brands and social influencers are reportedly especially popular with fans. (Racked)

Quote of the Day: “Jane the Virgin was my favorite show to watch last year because it was dramatic, yet relatable and hilarious. I also love the fact that it features many women actors and actors of color.” –Female, 17, Guam

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