By the Numbers: Understanding Millennials
Inside Dental Technology delivers updates on digital workflows, materials, lab techniques, and innovation in dental technology through expert articles and videos.
March 1, 2020
Volume 11, Issue 3, March 2020
Page(s): p. 8
Only 4.5% of US laboratory owners and managers are age 34 or younger, according to a National Association of Dental Laboratories survey, but Forbes says Millennials will make up 75% of the American workforce by 2025. Defined variably as the generation born in the early 1980s to the late 1990s, Millennials display some important differences of which all business owners and managers should be aware.
35% of the American workforce is made up of Millennials at present.
Source: Pew Research Center
77% of Millennials say flexible work hours make them more productive.
Source: Bentley University
Only 0.22% of Millennials start new businesses in Boomers also were more likely to become entrepreneurs when they were young than Millennials are today.
Source: Fundera
41% of Millennials have never attended college, compared with 31.4% for other age groups.
Source: U.S. Bureau of Labor Statistics
