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Society Trends To Keep in Mind in the USA

Politics / Demographics Oct 10, 2018 - 02:18 PM GMT

By: Dylan_Moran


It’s an age-old debate: nature versus nurture. Who moulds us, we ourselves as dictated by our genetic destiny, or the environment or milieu we grew up in?

It’s a subject that holds so many conflicting views that behavioural scientists concede that the two are interwoven as Dr. David Rettew wrote in Psychology Today.

Whether we are ardent believers of nature, nurture or both as the ultimate reason why we behave the way do, the premise remains clear: we live in a community, a society whose rules, values, and perceptions we might not agree with all the time but affect us in more ways than one.

The U.S. is a microcosm of human society in action. The penultimate Western society, approximately 325 million are living in the U.S. according to the U.S. Census Bureau’s estimates as of July 1, 2017. People in the U.S. are also ethnically diverse with some identifying themselves as Asian, African American, Hispanic, Pacific Islander, or more than one race.

What are the top current trends of the modern-day U.S. society? Let’s have a look.

Trend 1: More About, From Millennials

Millennials who are defined in the U.S. as those born in the years 1981 to 1996 (some extend it to 2000s) are projected to outnumber those born during the Baby Boom (1946 to 1964) per the U.S. Census’ projections in 2015.

The Millennial generation is also described as being diverse coming from one or more ethnic race. Their lifestyle, education, and ethnicity show shift in ideas or values that have been in place for a very long time.

One great example is homeownership, which has been touted as the American Dream. Based on an Urban Institute research, that might not be the case among millennials whose homeownership rate of 37.0% is lower compared with Gen-Xers or those born in 1965 to 1980’s 45.4%, and Baby boomers with 45.0%.

To contextualise, the data examined by the Urban Institute showed the percentage of homeownership at the time when the members of the three groups were at the age of 25 to 34 years old.

The millennial demographic is also expected to take over the workforce and the eligible voters roster in the U.S.

Trend 2: More Are Open to Marijuana

As of 2018, you can legally buy marijuana for recreational purposes in nine states, and medical marijuana in 30 states, as compiled by Business Insider. The same report revealed that more than 50% of Americans support the legalization of weed.

While the federal government still remains firm on its stance against marijuana, you can see that on the state level, they are opening up to the viability of the cannabis plant as a cure for certain diseases like cancer and mental disorders.

Notably, the U.S. quite enjoys a clean record of mental health where issues or disorders are treated through psychiatric drugs and substance abuse counseling.

Trend 3: More Americans Are Living With Their Parents

You’ve had your fair share of seeing this in U.S TV shows and movies: an 18-year-old child leaves home to see the world and become an independent adult.

But that situation is becoming rare at least based on Pew Research. More Americans have been seen living with their parents and sometimes grandparents instead of moving out of their homes.

Pew Research noted that in 2016, 64 million people in the U.S. were living in multigenerational households. This 20% of the U.S. population is in an arrangement called shared living.

One can surmise that the trend might be due to people delaying marriage, high cost of living, and so on.

Trend 4: Minimalism Is Creeping In

It’s a lifestyle espoused by those who want to get by with fewer things, partly driven by decision fatigue

For the U.S. whose consumer spending reached US $12.8 billion in the second quarter of 2018 and showed a quarter-over-quarter increase, that would be ironic.

However, the more environmentally-conscious Americans have seen the effects of consumerism whose leftovers end up polluting the land and the seas. Who are the main adopters of this lifestyle, you’d ask?

With millennials growing in numbers and playing more important roles in the U.S. -- labor, elections, etc., it’s interesting how this group’s choices will shape the country’s politics, society, and culture in the coming years.

By Dylan M.

© 2018 Copyright Dylan M. - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

© 2005-2018 - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.

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