Millennials are the new Baby Boomers and the new Generation X. Is there a reason why they are the way they are? Is it because of the things they went through as kids or because of what they have gone through as adults?
00:00:00.00030 seconds. One time for the underdog. Technician sequence start. Let me see you put them up. Reach the sky, touch the stars up above. Cause it's one time for the underdog. One time for the underdog.
00:00:17.240I'm Patrick Bedevi, host of iTunes. And today we're going to talk about the differences between millennials and boomers and Gen Xs and why millennials are the way they are. And is there a clue, a reason why they are the way that they are?
00:00:28.580Here's one thing I believe as a cyclical cycle that happens. Listen, tough times produce strong people. Strong people produce good times. Good times produce weak people. One more time.
00:00:43.020Tough times produce strong people. Strong people produce good times. Good times produce weak people. Let me explain. In a startup, if you ever work in a startup, it is tough times. It is not easy.
00:00:53.820Every day you're about to go out of business. So whoever makes it during the startup time, they become strong people. Then the strong people together bring the good times. The good times is when an assistant had a few shares, gets a $600,000 check.
00:01:09.280When one of the salespeople is making $1.5 million, your income. When one of the executives gets a $6.9 million check, because they were able to go through the tough times to the strong people to the good times.
00:01:20.400But the good times, typically what it does, pain goes away. Standard gets lower. Everybody gets more casual. So guess what comes next? Weak people.
00:01:28.560And guess what weak people produce? Tough times. How many companies have you seen went out of business? Sears, Blockbuster, all these other companies went out of business.
00:01:36.960Tough times. They're great. Strong people. Good times. Then they went out of business. So now let's get right into it.
00:01:42.720If this is correct, and if boomers and Gen Xs say that millennials are lazy, that millennials are distracted, that millennials, all they do is they're on their phone all the time,
00:01:53.340who is the cause to the effect of them being lazy? So let's get right into it. Let's look at the four generations.
00:01:59.620First, we have the silent generation. These are folks that were born between 1928 to 1945. Okay?
00:02:05.300Then we have the boomers. They're born between 46 to 64. Then we have Gen X, born 65 to 80. And then we have millennials, born 80 to 2000.
00:02:14.440So now I want to take a look at what were the toughest experiences each generation went through as these kids are growing up, right?
00:02:22.240What impacted their lives? Obviously, if you look at the silent generation, they went through the Great Depression,
00:02:27.260which probably the most difficult time in America, last 100 years. You're talking about a time where everybody was trying to stretch the dollar.
00:02:35.500Literally, that saying is from that time where, hey, you eat a piece of this piece, bread, you eat a little bit of this.
00:02:41.720Honey, did you make money today? Did you find a way to make money? No, babe. Oh my gosh. How are we going to make the rent?
00:02:46.720I don't know what to do with the kids. They're cold. Don't turn on the AC, but it's cold. Don't turn on the heater.
00:02:50.840Those were tough times. So imagine you're a kid. You're growing up watching mommy and daddy trying to survive.
00:02:55.960That creates a certain level of toughness in your skin, right? World War II is also what they experienced.
00:03:01.980Next, boomers. What did they experience? Vietnam War, sexual revolution, JFK, MLK, Robert Kennedy assassination,
00:03:07.580Cuban Missile Crisis, Civil Rights Act, moon landing. That's what boomers experienced.
00:03:11.360Now next, Gen X, Desert Storm, personal computers, Iranian hostage crisis, Rodney King,
00:03:17.260dual income families, both husband and wife. Mom and dad will work in Watergate. That's Gen X.
00:03:22.320Millennials. They have social media, video games, schedules. For the first time ever, kids have a schedule.
00:03:29.620What do you mean? Well, on this day, he does this practice. On that day, he does this. On this day,
00:03:32.940you take piano. On that day, you do this. On this day, you do this. That used to be something that royalty
00:03:37.560families and political powers and millionaires would do. Now the regular middle income family
00:03:42.400has schedules for their kids. Why? Because it's what millennials are going through. So what kind
00:03:46.360of an impact has this had based on the thing I'm talking about? Well, look, technology-wise also
00:03:50.940changes things. Silent generation, the technology they experienced was the Hoover Dam. Obviously,
00:03:55.960a few other ones, but that was like, oh my gosh, we have the Hoover Dam. Boomers experienced the
00:04:00.720microwave. The first time it came out, they were blown away. Gen Xs experienced anything handheld.
00:04:07.000Cell phone, smart, all of this stuff, handheld. And for millennials today, technology,
00:04:11.320you know what's advancement for them? Anything. Everything is limitless. Oh, are you kidding
00:04:14.600me? We can do anything. They think anything is possible today because of the level of advancement.
00:04:19.260So now, if this argument of tough times, strong people, good times, weak people is correct,
00:04:26.080we can say no one had a tougher time than silent generation. That's tough times. Boomers, strong
00:04:33.040people. Boomers produce Gen X, good times. Gen X produce millennials, weak people. If you,
00:04:41.680say that they are lazy, that they are this, that they are that, well, then maybe this formula is
00:04:46.820right that you're saying that. But now, let me give you another part of this. So for the boomers and
00:04:50.340Gen Xs are saying, I told you I was right. That's why they are the way they are. They're so sensitive.
00:04:55.760You can't tell them anything. It's always a fight. They don't want any constructive criticism.
00:04:58.760Who's going to tell them the truth? Perfect. Remember cause and effect? Remember the whole thing
00:05:02.540about cause and effect? Okay. Stay with me here. I remember back in 2006, 2007, I was thinking about,
00:05:11.400you know, one day I'd like to get married. So I was talking to this man who was very successful.
00:05:14.420I said, listen, how do you judge a great parent? He says, what do you think? I said, I think you
00:05:19.320judge a great parent based on great kids they raise. He says, I used to think that as well. He said,
00:05:24.060the way you judge a great parent is by their grandkids. If your grandkids do well, you did a
00:05:30.720good job as a parent. Wow. Never thought about that before. Yeah. It has to be with your grandkids.
00:05:36.960Interesting. So if you say anything bad about millennials, the finger gets pointed to boomers
00:05:43.720and I know boomers don't like that because maybe you were too soft here and they became even softer.
00:05:48.840Why? Here's why. So this influenced me to go a little bit deeper and say,
00:05:54.060I'm curious to know which generation had which drug they kind of messed around with the most.
00:06:01.340Okay. So I went to a website called drug abuse.com and they had a research done by substance abuse
00:06:06.260and mental health administration, looking at which generation use which drug the most and during what
00:06:14.100age, because a lot of times you may participate with drugs when you're younger. And obviously as it
00:06:18.180gets older, you don't have a reason to do it anymore because your association changes. Watch this.
00:06:21.800When you look at the colors of generations, you'll notice millennials are red. Gen X is green. Boomers
00:06:28.960are yellow. And the lucky few, which is called the silent generation, it's the same thing.
00:06:33.380They are blue. But let's take a look at this. Marijuana. A lot of times people say, well,
00:06:37.540marijuana has got to be the younger people smoking more weed than anybody else. Nope. Boomers smoked the
00:06:42.180most weed. Okay. Cocaine. Oh, cocaine has got to be right now. It's just, it's either right now or Gen X's.
00:06:47.240Nope. Boomers used the most cocaine according to the study. Don't get upset at me. This is this study.
00:06:53.440Boomers partied very hard is what boomers did. But you know what's the one drug that concerns me the
00:06:59.200most? Here's what's the one drug that concerns me the most. Ready? Painkillers. Look at this chart here.
00:07:04.420Who's at the top? Who's even close? Who's even a close second? Nobody. Millennials are taking more
00:07:12.920painkillers than anybody else. Why? Because the generations prior to that want to remove any kind
00:07:20.760of pain that millennials are going through. Every time there's any kind of pain, take this, go do this.
00:07:26.980Oh, poor you. Take this. No, baby. He needs to take this. Painkillers, painkillers, painkillers.
00:07:31.280It's become the painkiller generation. So, but you can see and point fingers to millennials,
00:07:35.800but you can't blame it on the millennials. It's a cause and effect. We can't sit there. It's all
00:07:41.780their fault. The point I'm trying to make to use the following, watch this. One of the greatest
00:07:46.260things that we need to win in life is pain. You need pain. A startup needs pain. Baby, I watched my
00:07:53.560wife have three kids. I mean, I'm like, I cannot tell you the pain this woman went through. But when the
00:07:59.320baby's on her chest, the tears coming down, the connection, the first time I held my daughter,
00:08:02.600I couldn't stop crying. But I saw what she went through. It was a complete different thing.
00:08:07.220Businesses, all of it requires pain. But what's, this is what, this is what's happened over the
00:08:10.160years. Silent generation had the most pain. Then boomers, then Gen X, then millennials. Lesser the
00:08:16.080pain, the lesser the threshold of being able to take pain. Sensitive, out, out, out, out, out, out. So
00:08:22.460now watch this. This is one side of the argument. The last side of the argument I'm going to make
00:08:26.760choose the following. You know when people say, well, I don't like the fact they're always on
00:08:31.320their phone. Every single time they're on their phone, phone, phone, phone, phone, phone,