New research from TD Ameritrade shows that 52% of Millennial parents think having kids has been good for their careers. Conversely, 14% say it’s “harmed” their chances of getting ahead. Twenty-three percent had a neutral response, saying that it’s had “no impact.”
In the same vein, 51% say that they consider themselves “more family focused,” while 35% say that they’re “more career focused and/or focused on my studies.” Still, 13% say they don’t fit into either category.
Head Solutions Group polled 1,519 Americans between the ages of 21 and 37 for TD Ameritrade.
Here’s what Millennials want in the long run
They weighed in on their “long-term career goals,” showing that surprisingly, 11% say they don’t have one at all.
- “Earning enough to afford to work part-time and/or have a balanced work/family life:” 16%
- “Senior/executive manager level (CEO, CFO, Partner):” 16%
- “Owner of my own business/freelancer:” 13%
- “Middle management (Director, Manager):” 10%
- “To retire as soon as possible:” 8%
- “Earning enough to get by:” 7%
- “An expert but non-managerial role, sometimes known as an ‘Individual Contributor:'” 7%
- “Non-traditional paths:” 4%
- “General worker/staff member:” 4%
- “Entry level/first-level management/Supervisor:” 3%
- “I have no long-term career goal:” 11%
The research also found that 48% of Millennials predict that they’ll attain the “American Dream” by the time they hit age 40.
So, does this include a home with a white picket fence? Maybe, just maybe — it was defined as: to “own a home, be married, have a family, a good job and 401 (k), etc.”
How Millennials’ careers have played out
This is what they say has happened so far, with most falling solidly into the first category:
- “After finishing school/college I started working in a field and experienced gradual advancement in the same field with no major gaps in between jobs:” 54%
- “My career path has involved working in several different fields or included career exits that lasted more than 6 months:” 33%
- “None of the above:” 12%
More than 10% don’t see themselves reflected in these options.
More from Ladders
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- Survey reveals the spending habits of Millennials (spoiler: they like coffee and eating out)
- Why summer is the best time to ask for a promotion
- Almost 1 in 3 Millennials using retirement money to finance homes
- When wives earn more than their husbands, they both lie about it