The article analyzes Russian millennials’ perceptions of their generation. Despite the correspondence of Russian millennials to the general characteristics described in the foreign academic discussion, the article notes that the experience of the Russian millennial generation differs from the global one, as for the most part it includes the national historical and cultural context. The theoretical aspects of the article are based both on classical approaches to generational studies and on contemporary debates about how individuals habituate global and national experiences during their formative years. Based on Korsten’s discursive approach, the paper examines the narratives of three age cohorts of St. Petersburg residents. The analysis of the empirical material revealed a discourse on the transitional nature of the generation, conceptualized by informants within the technology, political structure, and socio-economic well-being of Russia during their formative years.