Monday, April 06, 2009

Insight or Claptrap?

In the April 3 issue of Engage:Gen Y, “a newsletter dedicated to exploring this exciting demographic made up of individuals ages 18 to 30,” Chip Walker celebrates the admirable uniqueness of capitalism’s favorite demographic.

In the course of this paean, Walker makes some extraordinary generalizations, which readers might be forgiven for mistaking for claptrap. For example, how does this claim:

“Among GenYers' most important personal values are authenticity, altruism and community.”

Compare with this statistic?

Volunteers by selected characteristics (age), September 2008
Age % of population
16 to 24 years 21.9
25 to 34 years 22.8
35 to 44 years 31.3
45 to 54 years 29.9
55 to 64 years 28.1
65 years and over 23.5
U.S. Bureau of Labor Statistics Division of Labor Force Statistics

Looks like the under 35s have the worst record of any age group for service to community. Sure, it’s only one measure of altruism, but I have to wonder if Gen Y is as adept as “self-mythologizing” as the notoriously narcissistic Baby Boomers.

Walker claims that Gen Y’s penchant for activism is different from that of their over-the-hill parents. “For today's Gen-Yers, activism is not about rebelling against institutions -- there's simply not that much left to rebel against.”

What? With daily revelations of corruption at the highest levels of government and corporate leadership, Gen Y can’t find enough injustice to get up off the couch to protest? (Or did the Boomers clean everything up?)

Finally, consider this: “Gen Y-ers don't just want to buy brands, they want buy in to what a brand believes in.” That kind of gullibility just means we can look forward to replenishing the pool of prospective Ponzi victims in the future, when the materialistic and self-deluded Boomers finally step aside.

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