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Any decade is known by the term most commonly used. This decade will be known as the 2000's (as in 'two thousand nine'). This can change over time - in twenty years who knows what it will be referred as. Back in the early 1900's, the first decade was known as the 'aughts' (as in 'aught oh nine').

In the UK the decade covering 2000-2009 became known as the noughties, an expression coined by mixing the words nought (meaning zero) and naughty.Why the Brits are so completely apt in this statement is unknown.

Just adding: I heard on CNN News ("that some would use 20 as the shorter way of saying it. Like twenty ten ect...").

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Q: What is the present decade called?
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