For millennials, value lies in utility and personal expression.

Theyre a
transient bunch right now, so the few things they invest in have to be highly
useful (computers, multi-purpose furniture) or else connected closely
to the individuals personal passions. On the whole, value does not lie in
mere wealth, a fashionably-decorated home, or a normal family life
with 2.5 kids. A millennial might view those things as nice to have, but they
are not major motivators.
Millennials are entering and progressing in their careers. Although they are
making more money, the utilitarian mentality will continue. They will
not physically spread out into big homes and big cars at least, not to the
extent that past generations have. The number of goods and the amount of
space desired by a millennial might remain relatively constant, but
the quality of those goods and that space will be held to a higher standard as
their buying power grows. Its the iPhone phenomenon same phone,
constant upgrades.
For this generation, the quality, not quantity holds very true.
Those ages 18 to 24 are less enthusiastic than are those ages 25 to
29. Since 2008, political engagement among millennials has weakened,
cynicism toward government officials has increased and skepticism about the
value of political involvement has gone up.
Younger age cohorts are less conservative than older ones, with Baby
Boomers significantly less conservative than the Silent Generation
and its predecessors, and Generation Y considerably less conservative than
either the Baby Boomers or Generation X. Within age cohorts, the change
over time in social conservatism is very modest, indicating that the societal
change in these values is mostly a function of newer generations
replacing older ones.
Generation gap on issues ranging from religion to marriage,
creating divisions not seen since generational clashes over the Vietnam
War, civil rights and womens rights 40 years ago.
People believe there is a major difference in the point of view of younger
people and older people today. The reason also has nothing to do with
the nature of the differences or how strongly they are felt. Indeed, most said

that the biggest differences concerned issues of morality, religion,

and the social values surrounding lifestyle, family, relationships and
dating hardly minor issues. Older people also cited differences in
a sense of entitlement. Those in the middle-age groups also often
pointed to a difference in manners.
Instead, the reason appears to have everything to do with a flourishing
of tolerance, especially among younger people. If there is one value
young adults hold above all others, it is tolerance. Apparently, this even goes
for their parents.
The Great Generational Shift provides data on the personality traits that
drive Generation Y, X and Boomers. The results may surprise you, revealing
some shifts that may change the way we view leadership forever.
The research reveals:

Baby Boomers are strong on traditional leadership traits leading,

decisive, motivating, persuasive and strategic but also
open-minded and innovative.

Generation X are socially progressive, change-oriented, confident and

culturally sensitive and provide a counter balance to the more
dominant characteristics of other generations.

Generation Y are masters of abstract and conceptual thinking,

meticulous, socially confident, and highly ambitious but not as strong
as other generations in traditional leadership styles.

This new research will enable individuals and organizations to:

Understand how the nature of leadership is changing.

Ensure individuals and managers are better placed to comprehend,

predict and manage the behavior of people from the three generations.

Help to adjust management styles and structures to match different

personality traits.

So we can conclude that there is a huge difference in generational shift in

values between the previous and current generation which has its own pros
and cons as we already discussed above.