While it may be easy to dismiss rising mental concerns among our younger generation as a side-effect of the Internet, the bigger issue here is often ignored or downright denied by the older generation, the baby boomers.
Taking a look at this concept of ‘millennial laziness’ gives us a lot of misinformation. For example, recently [magazine] published a news article about how millennials were killing the diamond industry- because they couldn’t buy diamonds, or how the prices of expensive watches were dropping, because millennial couldn’t afford it.
The greater alarm seems to be directed at an ever-growing poor millennial population. According to a report from Urban Institute, only thirty-seven percent of millennials were homeowners by the year 2015, and, according to CNBC network, sixty percent of millennials have debt that they will virtual never be able to pay off.
Now, it’s easy to see where the alarm comes from. Millennials are poor, but does that necessarily correlate to how hard millennials have been working?
1) False Stats
It’s harder to get a job now than it was before, so we can’t exactly blame the average millennial after their house when college is over. According to the Heartland Monitor Poll XXIII, seventy-eight percent of adults agree that it’s now harder for millennials to get started in their careers. Thus it isn’t lack of hard work, and more of a lack of opportunity, that prevents millennials from buying diamonds.
2) Competition Depression
While baby boomers in their generation may have been content with any progress they made in their lives, millennials are more difficult to please. This is because our generation has been exposed to the Internet from the start, and getting an A grade doesn’t seem all that exciting when you’ve watched students in YouTube get into Harvard. This may be silly, but it actually has a lot of truth to it. Even top universities have become racially and regionally diversified and your chances of getting admitted are much greater if you come from a country whose students haven’t been taken in yet. Nowadays, competition is international.
3) Lack Of Motivation
This ties in with the excess of the competition. Let’s say a millennial individual starts working very hard, extremely hard, and somehow he gets a good job and good pay. For some reason, he still might not be successful in life. The catch? The job isn’t one he’s passionate about, because he has a degree in art. On the other hand, it requires long hours which means that he can’t simply tend to his mental health anymore.
The example I’ve given here is a more common occurrence than we think. According to a study by Survey Monkey, thirty-three percent of millennials are likely to experience anxiety or depression to the point it interferes with their work, and this is near twice the average rate of ordinary citizens.
This means that millennials won’t be happy even if they do get a job, and that lack of dopamine can have serious long-term consequences.
4) Millennials are trying
At the end of the day, millennials are like the kid at the back of the class who never gets anything right, but always works very hard. And that isn’t a bad thing, especially not something to be alarmed over. Perhaps from the next time on we can encourage the average millennial to reach whatever goals they want, instead of worrying about their wallets. They’re bound to get emptied on avocados later on, anyway.