A key difference between the two is that millennials "looked to others, such as the companies they did business with, for solutions," while Gen Z "naturally sought to create their own solutions." (Image: Shutterstock)

Millennials are about to be surpassed by Generation Z.

Gen Z will comprise 32% of the global population of 7.7 billion in 2019, nudging ahead of millennials, who will account for a 31.5% share, based on Bloomberg analysis of United Nations data, and using 2000/2001 as the generational split.

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