Millennials Find Happiness In Money, But Not How You Expect It

Millennials have been the subject of many heated debates. Being the largest and most adaptive generation, there’s a lot to learn about these tech-savvy individuals.  

Millennials Have Different Values

Today, this disruptive generation does not draw a connection between happiness and money. Even those doing well in the race for materials are not satisfied. However, they do find happiness in money, but not how you expect it. 

Millennials have tasted the lavish lifestyle, but were quick to realise that splurging on that Gucci belt only bought short bursts of joy. Millennials live life differently. They link happiness and satisfaction with stability and financial responsibility. They also associate happiness with pursuing love and healthy relationships.  

Buy Experiences, Not Things 

Money does buy happiness, but only up to a certain extent. Indulging in materialism is a thing of the past. Investing time in building experiences with family and friends is something millennials look forward to. Experiences are a big part of their lives and it’s something they crave as opposed to Boomers, who felt ownership equals happiness.

Work – Is It The Root Of Happiness? 

Millennials have always placed emphasis on job satisfaction and enriching experiences. They aren’t just happy with a fat, juicy paycheque and aren’t chasing high salary jobs, but are looking for jobs where they can grow both professionally and personally. They would drop a high-pay job for a more meaningful experience, where they can make difference and make time for themselves. 

Going to work happy everyday defines a fulfilling career for these individuals. However, relationships and love are at the root of happiness for them. Spending time with friends and family, helping other, makes them most happy. 

Success Redefined 

For millennials, success is not about money, it’s about freedom. Flexible work schedules are appealing to achieve a healthy work-life balance. Financial security (planning for retirement, understanding employee benefits) is just as important as physical and mental health. Financial security improves sense of well-being and is a source of long-term satisfaction and millennials recognise that. 

A Passion to Change the World 

74% of Millennials have a passion to make a positive difference. They don’t want to just read the news, they want to do something about it. They are determined to make change in the lives of people and are happier giving money away and donating to charity. Merely splurging on themselves does not satisfy their happiness barometer. Contributing to someone’s happiness puts a bigger smile on their faces and giving money away is the easiest way to do it. 

The world is changing at a rapid pace and so are the generations being raised in it. 

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Written by

Cheryl Toh

Last updated on

July 1st 2020, 5:58 pm

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