Millennials are the children of baby boomers and were raised with the mindset of 'We want it to be easier for our children than it was for us.'
Millennials were around for the rise of the internet and came to age alongside the internet. A good way to describe millennials is technology-dependent, not technology-savvy.
Millennials got hammered by student loan debt, which was then compounded by the Great Recession. The results are years of economic struggle and delayed major milestones such as starting families and buying houses.
They were the first to force others to break stereotypes of their generation.
Before retail repackaged Black Friday, it had a more sinister meaning. The earliest use of the phrase Black Friday dates to 1869. It was the day gold prices plummeted and caused a market crash. The economic effects lasted for years.
Traffic police coined the phrase Black Friday around the 1950s in Philadelphia. It was used to describe the traffic jams and intense crowding of the downtown retail stores that occurred on the Friday after Thanksgiving day.
Local police were not the only ones who dreaded the day. The ratio of salespeople to customers added to the problem as sales associates frequently called in sick on this day to extend their Thanksgiving holiday weekend.