While popular belief, and Goldman Sachs, have arrived at the informed opinion that Millennials are a bunch of spoiled whiners hell-bent on maintaining their own comfort while the world around them burns, CNBC begs to differ.
The Democratic Party's in-house financial news network has been doing a little study of its own, and the findings show that all your rage against Millennials might be a case of hating that stranger in the mirror.
Looking at the importance of six traits in a potential employer — ethics, environmental practices, work-life balance, profitability, diversity and reputation for hiring the best and the brightest — millennial preferences are just about the same as the broader population on all six. For example, 18 percent of millennials say work-life balance is the most important trait in a company, compared with 19 percent of the population.
That whole thing about Millennials caring too much about life and not enough about work turns might be something that they learned from Mom n' Dad. Also, they might not be as much of a pain-in-the-ass in the office as was perviously assumed.
Far from being a generation of disgruntled and whiny youth, millennials appear to be more satisfied with specific aspects of the workplace than the average worker. For example, 87 percent are satisfied with the training and skills development they receive at work, compared with 76 percent of the rest of the population; 76 percent say they are satisfied with their opportunities for promotion and advancement, 10 points higher than the rest of the population.
But it's not all a case of projecting. Millennials do have some thoughts of their own.
Millennials are different in some key areas: They are more likely to be concerned about opportunities to advance in their careers and about flexible work hours. They also care less about an employer's retirement benefits. But it's difficult to know if these are the differences of a unique generation, or if they are simply the expected results from a younger generation.
They're not brats, they're just bursting with hope.
Millennials are more optimistic about the economy than other age groups, but not by very much. They don't rate the current state of the economy any better than the overall population. But their expectations for the economy to improve is marginally brighter. Twenty-two percent of all adults say the economy will get better in the next year, compared with 26 percent of millennials. A third of the public sees the economy getting worse, a bit more downbeat than the 26 percent of millennials who see the economic landscape growing darker. So, net optimism among millennials is zero, compared with minus 10 percent for the public as a whole and minus 17 percent for seniors.
See? Millennials only see the economy they inherited as merely totally f#cked, whereas all the GGs, Boomers and Xers see it as well beyond saving.
Oh, and they also see their chances of ever laying their fingers on a Social Security check as akin to a snowball in the fiscal hell they will surely inhabit.
Shine on, you beautiful spoiled diamonds.