Millennials long for the conditions under which their parents grew up with. Fifty percent or more in all surveyed countries believe their parents were happier at the same age. This is most strongly felt in China and India. At the same time, over 60 percent of respondents in India, the UK and the U.S. also believe their parents were the same or better off financially.
Millennials also view the career prospects of their generation negatively, expecting more work in the future to be done by machines (U.S. 78%, DE 74%, IN 74%, CN 72%, UK 68%) and the number of permanent positions will continue to decrease. About 70 percent of respondents expect pressure to perform in the workplace to increase and work to become more demanding.
“What is remarkable,” says Dominik Hahn, “is that given the hurdles they see ahead for their generation, millennials remain positive about their own prospects. Over 80 percent expect their lives to improve over the next five years.”
“As this survey shows, millennials – regardless of where they are located – have similar career aspirations to generations that preceded them. If they job-hop, it is largely because of circumstances and not preferences. They are simply responding to the changing nature of work,” he concludes.