One of the biggest factors impacting Millennials is the impact of a college education and financing that education.  Study after study shows that the college graduate is likely to make a million dollars more than the non-college graduate over the course of their lifetime.

Yet this economy has millennial graduates questioning the wisdom of their decision.  Jobs are scarce and student loan payments come due every month.  A COUNTRY Financial survey noted that 31 percent of Americans have borrowed money to finance their educations. Nearly two-thirds have paid off their obligation and only 16 percent said it had a significant impact on their decision making.

Forty percent of Millennials indicate that their student loans have a significant impact on their lives, a full 24 percent difference from the general population.  This differential is either an indication of the impact of the economy on Millennial mindsets, or an indication that pain mellows with time, or both.

Millennials have been described as the coddled, everyone gets a trophy generation and maybe some of that is true.  What certainly is not true, is that this generation is being welcomed into the workforce with open checkbooks.  The economic conditions may, in the end, be more formative on attitudes and work habits of Millennials than most other factors.

They have been forced to be thrifty and conservative with their dollars.  As a result, they may look more than most generations at the true value of the things they buy.  Cheap and good brands like Jimmy John’s and Chipotle Mexican Grill are well positioned to compete for the Millennial fast food dollar.

Cheap and good poses a wholly different challenge for higher education.   The four year university must build value in the four year experience to justify the cost.  It must realize that the college experience is much more than just going to Biology 101.  It is everything involved in helping a young Millennial grow into an adult with potential, dreams and ability.  The result of that experience is the reason students paint their bodies to cheer on their team.

You Google childhood obesity and the first image that comes up contains your logo. You can just imagine the blame every viewer of this photo places on McDonald’s. Is it McDonald’s fault? It is if they do nothing about it.

To McDonald’s credit they have taken some initiative by offering healthful substitutes to the french fries it offers in Happy Meals and if you happen to have your laptop with internet access while you’re ordering, you can get nutritional data for the meal you select.

By the way, did you know a Big Mac, large fry and a medium Cokes comes in at over 1200 calories?

I suppose that by doing more they would be admitting what is patently obvious to everyone else and that is that their food…along with nearly every other fast food restaurant….can make you obese if you eat too much.

Yet they miss an opportunity to do well by doing good. If they would provide people with encouragement to make good choices from their menu, they’d find people making more good choices from their menu. I’m guessing that the profit margin on a box of lettuce is at least as good as the Big Mac.

Imagine, if they conducted a social marketing campaign that encouraged parents to fight childhood obesity by bringing their children to McDonald’s and serving up fruit burgers. Then they would actually change the eating habits of a generation and firmly plant themselves and their franchisees at the forefront of the new way. Their profits soar, stockholders are happy and the government stays off their back.

Just a thought.

As an agency, we do a lot of work influencing personal behavior. It’s become a specialty. We reduce teen smoking, encourage people to seek treatment for problem gambling and substance abuse. We encourage middle schoolers to eat healthy and exercise.

Tomorrow I’m speaking at the 2009 Prevention Symposium put on by Training Resources a Division of Iowa Behavioral Health Association. The presentation is about communications strategies to reduce underage and binge drinking.

In nearly all social marketing situations the target audience already knows what the right thing to do is. Smoking is bad for you. Gambling too much is bad for you. Drugging is bad for you. Yet people do it. And if you tell them not to, they usually do it more. It’s not rational.

In all cases, the secret is within the target audience. We work really hard to peel back the layers of resistance to find messaging strategies that influence the audience’s thinking. Sometimes in an evolutionary way and sometimes revolutionary, but always in an honest way. Don’t tell a teen they’re going to die as a result of having a drink because they see people drinking who don’t die. Find a way to help them make intelligent decisions and remember always in the end it is their decision. If you respect that, you’ll have more effect changing their thinking.

Remember “Bait and Switch?”  An advertiser lures you in with a fantastic price only to tell you they are out of that particular item but they have something much more expensive that would fit your bill.  That hacked everybody off to the point that it’s a pretty rare occurrence today.  If a marketer does that today, they get skewered by ratings and social networks.  Pretty painful penance.

The bar for business integrity gets higher still when marketing to the Net Generation.  Not only do they expect more, they know how to complain by attacking the business where it hurts…in the cash register.

On the same hand, have integrity firmly on display in your day-to-day dealings, and you could create a customer for life…even an evangelist.

As you think about touting your brand, make sure you live your promise.  As you think about running your business, make sure you do it as green as possible.  Do what you say you will do and put the customer first and you’ll have loyal Net Geners as customers.    Pretty simple.

There are 28 different bank brands in the Des Moines area.  Everyone of them has a checking account, a savings account a money market account, home equity loans, car loans and tellers ready to smile and deposit your money.  When management is asked what makes their bank better than the competition most will say their people, or customized personalized service, or nothing.  Some will point to when they were founded.

I recently had lunch with a former bank president who was a client of the agency’s a few years ago.  He left the bank and the bank was sold, resold and sold again.  His bank went from eight in the market to second in about five years.  I’d like to think with our help.  What made him successful was his willingness to be different.  To look at the banking business from the outside and to embrace creativity.

We’ve watched the contraction of the banking business in this market and the expansion of brands.  And once again there’s a giant opportunity for a bank president to make a name for their bank.  This market has become tame from a marketing perspective.  The big banks aren’t marketing effectively because they don’t have to.  The medium sized banks aren’t because they may be afraid to.  The small banks aren’t because they don’t have the budget.

Doesn’t this seem like an opportunity?  We think so.  So we’re calling all banks that want to succeed.  We’re looking for you.  If you’re tired of being just another one of the 28, now’s the time.  Be contrary.  Be bold.  Be smart. Compete. But do it now.