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Some of these Answers will surprise you!
ANSWERS: Generation X & Y Questions
Q.1) Generation Y is larger than Generation X.
Answer: A - True - Generation Y is roughly 22% of today's population. In just 5 short years (2015) they will make up 27% of the population. 21% of the workforce and 1/3 of the minorities in Canada and the United States. Generation X is roughly 50 million people.
Q.2) What percent of teens (ages 13-18) hold jobs during the shool year?
Answer: A - 40% - 40% of teens are working for their money during the school year and this number only increases during the summer months to about 59% of teens holding full or part-time jobs. This makes them much more frugal about where and how they spend it. Gen Y are savvy shoppers and unlike the common perceptions, they are not impulse shoppers. They will look around for the best deals they can find.
Q.3) On average, how many hours a weeks does Gen Y spend on the internet?
Answer: B - 15-20 Hours. Gen. Y as a whole, spends an average of 17+ hours/week on the internet which is 6 times the national average. They have the computer on and near them ALL THE TIME, although they might be doing multiple things (i.e. listening to music, watching tv, doing homework) at the same time.
Q.4) If the average Gen Y'er sends/receives 1,742 text messages per month, how many phone calls are made/received in the same period?
Answer: A - Less than 250. 83% of Gen Y uses text messaging as their primary communication tool with family and friends - sending well over 100 messages per week. Gen Y prefers text messaging to phone calls because they can multi-task while communicating and find it easier (and quicker) to carry on more than one conversation at a time.
Q.5) The #1 product Gen Y cannot live without is a computer.
Answer: A - True. You probably thought it was a cell phone, but Gen Y is more connected to their computers because they can do the same activities plus so much more (chat with friends, surf the internet, watch online videos, email, listen to music, social networking, research, etc.) The computer has become the new status symbol among Gen Y, they bring them everywhere.
Q.6) Gen Y is constantly on-the-go and they want their food that way too.
Answer: B - False. Meal time is sacred to Gen Y. They are a community focused generation and they prefer to take meals with groups of friends and family in casual/communal places where it is really more about the conversation then the actual eating.
Q.7) Due to rising divorse rates, Gen Y spends less time with their parents.
Answer: B - False. Although over half of all families in Canada and the U.S. have divorced parents, there is more time spent with their children than those of the previous generation. The parents of Generation Y view the child as the center of the family. Unlike Generation X that came before them, these children are not left to make key decisions on their own: the parents of Generation Y are very hands on. Parents are involved in the daily lives and decisions of Gen Y. Their parents, helped them plan their achievements, took part in their activities, and showed strong beliefs in their child's worth.
Q.8) Gen Y believes in investing their money.
Answer: B - False. Unlike the generations before them who invested their money and saw great return (Boomers in real estate and Gen X in the stock market) Gen Y does not see investment as a wise decision. They have been brought up having all things handed to them and are not good with money management or bugeting. They would prefer to spend their money on life experiences. They will often end up delaying financial indpendence until later in life, because they know their parents are behind them and they rely on them for personal and financial support.
Q.9) What percent of today's college students move home after graduating?
Answer: D - 45-60%. 57% of students will move home after graduating. The economy and college attendance rates have created competition for top schools and top jobs and many Gen Y'ers are finding themselves back at home after college and finding that their parents are happy to have them there.
Q.10) Money (income) is not important to Gen Y when choosing a job/career.
Answer: B - False. Of course money is important! However, Gen Y does not site it as number one. Gen Y wants good inter-office relationships and the opportunity to grow. They thrive on recognition (as they are often called the Trophy Generation). Gen Y has been over indulged, over protected and over supervised their entire lives. They are not like Gen Xers who were forced to be independent. Many employers (baby boomers) are having a hard time managing and retaining Gen Y employees because of this fundamental difference in persepctive. While the average number of jobs in a lifetime is about 6-7, it will be considered common and natural for Gen Y to hold double that within their lifetime. They want a work-life balance that affords them to spend their time in meaningful ways.
ANSWERS: How well do you know this Generation?
1) After the Lone Ranger saved the day and rode off into the sunset, the grateful citizens would ask, "Who was that masked man?" Invariably, someone would answer, "I don't know, but he left this behind" What did he leave behind? SILVER BULLET.
2) When the Beatles first came to the U.S. in early 1964, we all watched them on the ED SULLIVAN SHOW.
3) Get your kicks on ROUTE 66.
4) The storey you are about to see is true. The names have been changed TO PROTECT THE INNOCENT.
5) In the jungle, the mighty jungle, THE LION SLEEPS TONIGHT.
6) After the twist, the mashed potatoes, and the watusi, we "danced" under a stick that was lowered as low as we could go in a dance called THE LIMBO.
7) N E S T L E S, Nestles makes the very best CHOCOLATE.
8) Satchmo was America's ambassador of goodwill. Our parents shared this great jazz trumpet player with us. His name was LOUIS ARMSTRONG.
9) What takes a licking and keeps on ticking? TIMEX.
10) Red Skelton's hobo character was FREDDIE THE FREELOADER and he always ended his television show by saying, "GOOD NIGHT and GOD BLESS".
11) Some Americans who protested the Vietnam war did so by burning their FLAG.
12) The cute little car with the engine in the back and the trunk in the front was the VW. What other names did it go by? BUG & BEETLE
13) In1971, singer Don McLean sany a song about "the day the music died". This was a tribute to BUDDY HOLLY.
14) We can remember the first satellite placed into orbit. The Russians did it. It was called SPUTNIK;
15) One of the big fads of the lat 50's and 60's was a large plastic ring: it was called the HOOLA HOOP.
