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Millennials are disillusioned with traditional institutions and are pessimistic about economic and social progress, a recent survey has found.<\/p>\nMillennials are disillusioned with traditional institutions and are pessimistic about economic and social progress, a recent survey has found.<\/p>\n
According to the 2019 Deloitte millennial survey, just 28% of Irish young people believe the economy will improve in the next 12 months and nearly half cited climate change and protecting the environment as their most pressing concern.<\/p>\n
The findings of the survey also show the ambitions of this generation remain strong.<\/p>\n
Around 67% of respondents say that travelling and seeing the world is their top ambition while nearly two-thirds also want to earn high salaries and be wealthy.<\/p>\n
In comparison to their global counterparts, more Irish respondents wish to buy their own home and have children.<\/p>\n
Climate change and protecting the environment is the top concern among millennials, as indicated by 48%, significantly higher than the global average of 29%.<\/p>\n
Recent research has revealed that millennials have an increasingly pessimistic outlook on economic, social and political affairs.<\/p>\n
Only 28% of respondents believe the economy will improve in the next 12 months, down from 56% just two years ago while only 21% believe that the social\/political situation will improve in the next year.<\/p>\n
The survey\u2019s findings show that the majority of young people believe that reduced usage of social media would have a positive effect on their physical and mental health.<\/p>\n
Some 67% believe that, on balance, social media does more harm than good, and 42% would like to completely stop using social media.<\/p>\n
They are also skeptical when it comes to cybersecurity.<\/p>\n
Similarly, 76% are worried about how organizations obtain personal information and 75% feel they have no control over who has their personal data or how they use it.<\/p>\n
This year\u2019s report sees a further negative shift in Irish millennials\u2019 feelings about business\u2019 motivations and ethics.<\/p>\n
Under half of respondents think businesses in general have a positive impact on the wider society in which they operate, down from 61% in 2018.<\/p>\n
The decrease was driven, in part, by views that businesses focus solely on their own agendas rather than considering the consequences for society, as identified by 82% of respondents.<\/p>\n
Valarie Daunt, head of human capital at Deloitte Ireland, said: \u201cFrom the economic recession a decade ago to the fourth industrial revolution, millennials have grown up in a unique moment in time impacting connectivity, trust, privacy, social mobility and work.<\/p>\n
\u201cThis uncertainty is reflected in their personal views on business, government, leadership and the need for positive societal change agents.<\/p>\n
\u201cAs business leaders, we must continue to embrace the issues resonating most with this generation, or risk losing out on talent in an increasingly competitive market.\u201d<\/p>\n