Friday 21 July 2017

Millenials shrug off global upheaval

Stock photo
Stock photo

Sean Duffy

A MAJORITY of so-called millennials are positive about the economic outlook for Ireland in the year ahead.

A new survey by financial firm Deloitte found that 56pc of Irish people in the 18 to 34 year age group - dubbed millennials - expect the economy to improve over the next 12 months despite widespread geopolitical uncertainty.

Almost a third (31pc) said their greatest concern was terrorism, while 25pc worried about crime and safety.

Income inequality, climate change and wars were joint third on the list as the most concerning thing for millennials.

Forty-three percent of those surveyed said they approved of politicians taking controversial or divisive opinions if it's truly what they believe.

More than two thirds (67pc) said they approved of politicians using straight-talking language.

Exactly half of those between 18 and 34 said they are planning to stay with their current employer for more than two years, while a quarter said it was their intention to stay more than five years.

"While we are faced with global challenges such as Brexit, Trump and looming elections across Europe, we hope that millennials will remain positive as the world continues to lead in an ever-changing environment," said Valarie Daunt, a partner at Deloitte.

More than half (53pc) believe automation will improve productivity, while 46pc think that it will result in greater economic growth and provide more time to focus on creative activities.

However, a strong number (40pc) believed that automation will reduce the number of jobs available to them in the future.

Irish Independent

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