Final answer:
Millennials, also known as Generation Y, are individuals born from 1978 to 1994 and are characterized by their deep integration with technology, preference for social media, and unique socio-economic experiences.
Step-by-step explanation:
The people born from 1978 to 1994, who are sometimes called Millennials, are referred to as Generation Y. Millennials are often described as the generation coming of age during the late 1990s and the early 21st century. They experienced unique social and economic challenges, like entering the job market during a recession which had profound impacts on their employment prospects and financial stability.
Millennials are characterized by how they integrate technology into their daily lives, significantly more so compared to previous generations, with a preference for communication through social media platforms and texting over traditional phone calls. Polling companies have noted the technological inclinations of this generation and have adapted their methods accordingly, reaching out via email and social media.
Regarding the media consumption habits of Millennials, they are more likely to source news and information from social media channels. The millennial attitude towards major life milestones also differs markedly from earlier generations, with nuanced views on when childhood ends and what constitutes 'old' age.