Millennials are those who fall within the age range of eighteen to thirty-four years. The American workforce is largely comprised of millennials; individuals who entered the workforce just after the collapse of the American housing bubble. With little options, many of these people had to work in jobs for which they were over-qualified, and with enormously large student loans to pay off.
They were and still are eager to limit the bills that they have to pay. Forbes magazine wrote an article about millennials and minimalism, stating that, “Millennials are highly adept at using technology and social media influences many of their purchases. They prefer to spend on experiences rather than on stuff.
Seventy-eight percent of millennials— compared to 59% of baby boomers— ‘would rather pay for an experience than material goods … They favor products marketed as ethical, sustainable and environmentally friendly”[ 8]. The claim that millennials are more concerned about their experiences than owning tangible goods can be demonstrated in how they spend their money within the retail marketplace. For example, many millennials are choosing to live with their parents longer than the baby boomer generation. This is largely because they cannot afford a place on their own. These millennials are saving money through the decisions that they’re making. This measurable behavior supports Nicodemus’ overall point.
The millennial generation has seen the American Dream crumble before their eyes. They have had to adapt, and one of the ways that they’ve learned to do so is through developing mindsets that adhere to minimalist tendencies. Of course, not all millennials are running around calling themselves minimalists; however, Nicodemus seems to refer to this phenomenon that is sweeping the largest American generation. Nicodemus and as Millburn did not create minimalism from thin air; rather, they are reacting to their circumstances and providing a voice and course of action for thousands if not millions of the young Americans.
Additional Resources that Have Been Produced by Millburn and Nicodemus
The intention of this post is not to advertise the work that Millburn and Nicodemus have produced; however, it would be silly not to acknowledge the fact that these two advocates for the minimalist movement have contributed widely to the literature on the topic. If you are looking to learn more, not only about minimalism but also its future, here are some great resources that you can check out: Minimalism: Live a Meaningful Life. This is the first book that they wrote together. Everything That Remains is their second book, which they published after the development of their own house, Asymmetrical Press. Minimalism is a documentary that they produced on their favorite topic. The duo also hosts a podcast entitled The Minimalist Podcast
Key highlights from this post:
* A key aspect of minimalism is to get rid of excess in order to create more space for what truly matters. You can accomplish this by thinking about the kinds of conversations that you want to have with people within your networks.
* Minimalism is not something that Millburn and Nicodemus created out of thin air; rather, modern minimalism can be seen as a millennial reaction to the cards that a large percentage of the American population has been dealt. Minimalism suggests that the American Dream is less of a reality than we may like to admit.