Demographic Shift

The Millennial Generation, also known as Generation Y or as Generation Next. Its members are often referred to as "Millennials" or "Echo Boomers".Birth dates are ranging somewhere from the late 1970s to late 1990s. 97% of students owned a computer, 94% owned a cell phone, and 56% owned an MP3 player. They also found that students spoke with their parents an average of 1.5 times a day about a wide range of topics.Other findings in the Junco and Mastrodicasa survey included that 76% of students used instant messaging, 92% of those reported multitasking while IMing, and 40% of students used television to get most of their news and 34% the Internet. Generation Y is known to be so much into technology that in 2008 PNC Financial Services began marketing a specific checking account called Virtual Wallet that is specifically targeted to Generation Y.

56% reported downloading music using peer-to-peer file sharing (15% reported downloading movies and 16% reported downloading software). 69% of students reported having a Facebook account, typically logging in twice a day.

Generation Z is one of the names used for the First World or Western generation of people born between the mid-1990s to late 2000s.On the average they are highly connected, many having had lifelong use of communications and media technologies such as the World Wide Web, instant messaging, text messaging, MP3 players, cellular phones and YouTube, earning them the nickname "digital natives". Generation Z have grown up in a world with in which single-parent families are commonplace,as well as two-income families.