bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Saturday 29.04.2017 | Name days: Raimonds, Laine, Vilnis

From a demographic boom to digital natives – what characterizes each generation

FaceBook
Twitter
Draugiem
print
(No Ratings Yet)

Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUIn the past, people valued hard work – many of us have heard that phrase from their grandparents at least at some point in life. It is true: for the post-war generation, the so-called baby boomers, work is the point of their life. For the Millennium generation, on the other hand, the ability to combine private life with career is the most important aspect of their lives.

To help representatives of two generations better understand one another and form better relationships, it is important to know what each generation values to most. National Geographic channel has compiled characteristics that define the two generations.

Baby boomers – people born between 1946 and 1964

The generation that was born during the demographic boom after WWII. Slowly recovering from economic difficulties, many countries had experienced rapid booms in birth rates. In the west, Baby boomers entered a world that had relatively difficult living conditions. Thanks to education, government subsidies, rising real estate property prices and technological progress, they became a successful and wealthy generation.

The main difference between representatives of this generation in the western world and the former eastern bloc is wealth – unlike western residents, many people living in the post-Soviet territories did not manage to achieve sufficient wealth to ensure care-free retirement.

Baby boomer generation consists of people who built up their countries’ economy. These people are hard workers who had often lacked the time to devote to their family or rest. These people value status in their place of work and social status. They are very loyal workers, often staying in a single work place for their entire life.

Generation X – people born between 1962 and 1980

Generation X was affected by massive global political developments – the Vietnam war, the fall of the Berlin wall and the end of the Cold War. This generation is more open for variety. Representatives of Generation X are more tolerant towards religious, sexual, racial and ethnic differences.

Representatives of this generation grew up on their own, because their parents were more often busy at work or otherwise busy. Having gained better education, representatives of this generation are more self-confident and are generally more individualistic.

Generation X has a more ironic and sceptical view towards life. This generation began technological development. They also combine two very important personality traits – sense of responsibility and personal freedom.

Millennium generation – people born between 1980 and 2000

This generation was shaped by technological revolution that took place during their youth. These people grew up with technology; using gadgets and other technological accessories is in their blood. Armed with the latest technologies, representatives of this generation are connected to the internet 24/7.

This generation focuses on achievements, looking for growth in career and personal life. Representatives of this generation are optimistic, socially active and self-confident. It is important for them to combine work with family life and leisure. They are not afraid to change their beliefs. They also do not stick to a single job, style or brand.

Generation Z or digital natives – people born after 2000

It is expected that the life of this generation will go alongside with the development of technologies and wide use of social networks. Representatives of this generation communicate with one another more often and more intensely than representatives of other generations. Representatives of this generation and their views drastically differ from previous generations. They not only represent the future – they make it.

Ref: 102.109.109.7952


Leave a reply

Antane: we have to act fast to prevent our transit industry from falling behind other countries

Europe has major plans in relation to port development – it is planned to increase cargo volumes by one and a half times and create 160,000 new jobs by 2030. We have to act fast to make sure our transit industry does not fall into second speed countries group, says president of Baltic Association – Transport and Logistics Inga Antane.

Retail trade turnover up 1.5% in Latvia

Compared to March 2016, total retail trade turnover in Latvia rose by 1.5 % in March 2017. Turnover of retail trade in food products declined by 0.8 %, whereas turnover of retail trade in non-food products grew by 3.3 %.

The biggest environmental threat in Riga is pollution caused by vehicles’ exhaust gases

Looking at the main factors that create the most pollution to Latvia’s environment, 53% of Riga residents mentioned pollution caused by vehicle exhaust gases, according to results of Baltic International Bank’s Latvian barometer data.

Murniece: Kremlin's aggressive behaviour is a threat to our region

The presence of US armed forces in Baltic States is a decisive element to oppose the region’s current security threat, says Saeima speaker Inara Murniece during her meeting with US Congress House of Representatives speaker Paul Ryan.

Lithuania plans to add asphalt surfacing to 815 km of gravel roads this year

This year, Lithuania plans to add asphalt surfacing to 815 km of gravel roads. 600 km of roads will receive soft asphalt surface, and 215 km of roads will receive surface restoration.

Study: number of Baltic tourists’ trips to USA increases

In the summer season, Baltic tourists prefer to travel by air to Asia and UAE. The most popular destinations reachable by land include Italy, Spain and Germany, according to information compiled by travel agency Estravel and car rent company Budget.

Lithuanian PM: Lithuania will hush Latvia in pursuit of Chinese investments

Lithuanian Prime Minister Saulius Skvernelis must have scratched Latvia‘s ego. «In the competition for Chinese investments, Lithuania should overcome Latvia,» the head of Lithuanian Government declared after meeting Zhang Dejiang, China‘s Parliament Speaker.

Estonia allows drivers to use studded tyres in part of May

As the northern-most Baltic nation experiences cold weather, unlike normally in late April, the Estonian roads’ authority has permitted drivers to leave their studded winter tyres on until May 7.

MEP: to prevent Baltics from dying out, we need much higher growth goals

«The growth goals of Baltic States are currently too low if we want to not only avoid dying out, but also recovering the people that have left because of economic reasons,» said Lithuanian MEP Antans Guoga.

Estonian TransferWise to open office in Singapore

Estonian-managed money transfer company TransferWise has announced its plans to open a regional head office for Asia in Singapore.

Rinkevics: we have to demonstrate unity of EU member states in Brexit talks

«We have to demonstrate the unity of 27 EU member states in Brexit talks,» says Latvian Foreign Affairs Minister Edgars Rinkevics.

American company shares traded the most; Apple shares popular the most in Baltics

Shares of Apple, Amazon and Facebook were traded the most in Q1 2017, as announced by international online trading and investment company Saxo Bank. Deals with Apple shares were the most popular among Saxo Bank’s Baltic investors.

Draghi: Economic recovery in eurozone becomes more solid

Increasingly solid is the economic recovery of the euro area as it faces less risks, evaluated head of the European Central Bank, Mario Draghi. The eurozone’s governing financial institution has maintained its main interest rate on hold at zero for another month.

Crowd of protesters break into Macedonian parliament

The Assembly of Macedonia has been stormed by a violent crowd, protesting against the election of an ethnic Albanian politician as the speaker.

April in Latvia to conclude with rain; beginning of May expected to be warm

April in Latvia will conclude with rainy and cold weather, whereas the first days of May are expected to be different, as reported by Latvian Environment, Geology and Meteorology Centre.

Number of POS terminals in Latvia increased 16% in 2016

According to data of Association of Latvian Commercial Banks, compared to 2015, the number of POS terminals in Latvia increased 16% in 2016, reaching 41,613 terminals in total. On average, 494 new POS terminals are released in the country.

Citadele and Visa to create a brand new credit card in Baltics

Citadele Bank has signed a contract for long-term cooperation with global payment technology company Visa. The contract provides for close cooperation in the development of new and innovative payment cards and other payment products in all three Baltic States in the next six years.

Finance Ministry promises tax burden decline will be felt by all residents

The tax policy reform will make Latvia more competitive in comparison with other Baltic States. In addition, reforms in the country will introduce the largest PIT benefits for dependents among other Baltic States, Finance Ministry promises.

Latvia signs contract on procurement of howitzers from Austria

A mutual contract on the purchase of M109A5Oe-type self-propelled howitzer system, fire support and training platform has been signed by Latvian Defence Ministry and Austrian Defence and Sport Ministry.

Committee to evaluate education quality in Riga and reduction of classes in gymnasiums

Riga City Council intends to hold a meeting of the Education, Culture and Sports Committee. The agenda of this meeting includes Unity faction deputy Baiba Brigmane’s request to include the matter regarding Education and Science Ministry’s study performed in Riga’s secondary schools. The meeting will take place at 11:00 on Thursday, 27 April.

NATO cyber defence drill in Estonia gets bigger

Tallinn’s NATO cyber defence centre is currently holding its annual training exercise, cooperating with NATO members, partner countries and tech firms.

Lithuania: EU tends to finance electronic transports and railway, not roads

Lithuanian Road Administration believes European Union’s tends not to finance road infrastructure development and instead focus more on use of electric transports and railway infrastructure development. This is why the administration works on research of other sources of funding, says the administration’s director Egidijus Skrodenis.

KNAB commences criminal process in relation to bribe request

Latvian Corruption Prevention and Combating Bureau has commenced a criminal process in relation to possible corruptive behaviour of a state official, requesting a bribe.

Baryshnikov to be given Latvian citizenship for contribution to Latvia’s culture

On Thursday, 27 April, Latvia’s Saeima supported the legislative draft regarding the provision of Latvian citizenship to world-famous artist Mikhail Baryshnikov for his contribution to Latvia’s culture, as BNN was informed by Saeima’s press-service.

Lithuania asks Klaipeda gas terminal to be added to EU’s list of projects of common interest

Lithuania has asked Klaipeda LNG terminal to be added to EU’s list of projects of common interest. If European Commission decides to approve this request, Lithuania can hope for financial support of at least EUR 100 million. This funding would help reduce gas prices for consumers in Lithuania and other Baltic States.