Millennials and Gen Z are having their own concerns about the future. (Shutterstock)

Is That True That Millennials and Gen Z Are Pessimistic? See What the Survey Finds

The global firm Deloitte has just released a survey that shows Millennials and Gen Z are increasingly feeling unsettled and pessimistic about the future.

Global Millennial Survey is eight-years research conducted by the firm that highlights responses from 13,416 Millennials, born between 1983 and 1994, in 42 countries and 3,009 Gen Z, born between 1995 and 2002, in 10 countries.

The most important key finding is the continuous decreasing trust of Millennials and Gen Z in business. On this matter, the respondents are skeptical of business’s motives that are believed to not greatly committed to creating an impact in society and improving the world. The percentage of their trust in business dropped six points to 55% from 61% in 2018.

The survey also shows the top-list of respondents’ biggest concerns on global societal challenges and personal lives. Climate change, protecting the environment, and natural disasters seem to be topped the list of both generations’ concern that taken to a personal level. Meanwhile, despite the global economic and opportunity expansion, another highest concerns for Millennials are income inequality or distribution of wealth. Another survey also recorded that due to the dissatisfaction with pay and the lack of opportunity advancement, 49% of Millennials said that they would take the exit from their current jobs within two years if they had a choice.

But a visible difference of views appeared when comparing Millennials and Gen Z respondents across countries. For instance, the young generation in China and India are the most optimistic. While those in major economic power countries like the US, Canada, Australia, Japan, and French—at the bottom, are more pessimistic about the future of the world.

Moreover, financial and other constraints have evolved Millennials and Gen Zs aspirations from the traditional signals of adulthood success markers. 57% of them said that they would travel and see the world first while earning high salaries and buying a home of their own still have the highest percentage but come just after this. They are also more attracted to making a positive impact on the community than starting to have children and families.