Millennials are the first ‘digital native’ generation. They’ve grown up with the internet, mobile telephony, and instant information at their fingertips. The digital world of the 1980s and 1990s, when Millennials were born, laid the foundation for today’s advanced capabilities. As Millennials have moved from childhood to adulthood and parenthood, and from education to employment and family responsibilities, they’ve embraced the relentless wave of digital advances and made them part of their life’s ecosystem. A quick recap of the tech in the 1980s and 1990s illustrates the scale of the digital revolution they have embraced.
The 1980s saw the rise of PCs like the IBM PC, Apple II, and Commodore 64. All had limited processing power. MS-DOS was the popular operating system, hard drives were a few tens of megabytes, and 1.44MB floppy discs were the common removable storage medium. Software had largely text-based user interfaces and WordPerfect and Lotus 1-2-3 dominated word processing and spreadsheets, respectively. Local Area Networks (LANs) started appearing to connect computers within an organisation, and modems provided dial-up internet access at a maximum rate of 2400 bits/second.
The 1990s saw PCs become more powerful. Windows became a popular operating system making software more user-friendly and feature rich, and Microsoft Office gained traction. CD-ROMs arrived providing 700MB of storage to replace floppy discs, hard drive capacities expanded to several gigabytes, and gaming and multimedia capabilities revolutionized entertainment. Ethernet became standard, computer networks expanded, the World Wide Web, email, and search engines gained traction, and mobile phones and Personal Digital Assistants (PDAs) like Palm Pilot emerged.
Today everything’s exponentially more functionally rich, powerful, and globally connected with lightning-fast fibre-optic and 5G internet connectivity. Cloud computing provides scalable convenience, computing devices are smaller, data storage comes with capacities in the terabyte and petabyte range, and social media, global video conferencing, high-definition multimedia, and gaming is standard. Smartphones are universal, fit in your pocket, have combined the functions of many devices into one, and have processing powers that far exceed those of computers that filled entire rooms in the 1980s and 90s.
But has the Millennial generation benefited from being the first real ‘digital native’ generation? Yes, and no. This generation has faced significant hurdles affecting their earning potential, wealth accumulation, and career opportunities. Student loan debt, rising housing costs, rising taxes, the 2008 global financial crisis and its aftermath, the COVID-19 pandemic, soaring energy costs, and now perhaps tariff wars are just some of these hurdles. When chatting recently to a Millennial group asserting that their generation’s woes were caused by technology, the Badger pointed out first that these hurdles were not the fault of technology, but of ‘people in powerful positions’, and secondly that they should note Forrest Gump’s line ‘Life is like a box of chocolates; you never know what you’re gonna get’. Whatever you get, you have to deal with…and that’s the same for every generation.
