New Research on Millennials and the Great Recession

On Tuesday night I attended a dinner hosted by the Atlantic Media Company in Washington, DC, to discuss the results of the brand new Allstate-National Journal Heartland Monitor Poll, which offers a look at the economic experience of the Millennial generation.

There were about 20 of us at the table, including representatives from government, think tanks, media outlets and labor unions.  The discussion was moderated by Ron Brownstein, who is not only a well-respected journalist and father of a Millennial, but, I learned, is also a fellow fan of Lost. (Yes, he was careful to end the dinner before Tuesday night’s episode.)

Here are some of my main takeaways from the discussion and the poll:

Job security is trendy. One of the more surprising findings of the poll is that 55% of Millennials say their goal is long-term employment with a single employer. And, when asked to rank their most important workplace priorities, job security was number one (with money a close number two). Personally, I believe this will change as the economy improves. I just don’t see Gen Y-ers sticking with traditional career paths with all of the options and portable benefits available in the new economy. In fact, many of the dinner attendees joked that they don’t even want to work for their current employers for the rest of their careers.


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