Not surprisingly, given these views, millennials believe their parents were happier at the same age. In India, 79 percent of respondents hold this view, while in China it is 71 percent. In the U.S., the figure is 60 percent, and in the UK, it is 55 percent.

'What emerges from the survey is a strong belief among millennials in all countries that conditions have deteriorated compared to those their parents enjoyed,' says Dominik Hahn, Global Head of People Attraction at Allianz.

These impressions have undoubtedly been fostered by the financial crisis and recession, which put millions of people out of work, severely hit economies and depressed wages for a decade.

'When discussing millennials, there is a tendency to say they are different because they are the first digital generation,' Hahn says. 'However, an iPhone is not a magic wand that frees you from basic human needs. The survey reveals a high level of insecurity among the young concerning their lives, and a strong feeling of instability in terms of their careers.'

Allianz SE published this content on 11 December 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 11 December 2017 09:07:05 UTC.

Original documenthttps://www.allianz.com/en/press/news/company/human_resources/171211_future-of-work-optimistic-pessimists/

Public permalinkhttp://www.publicnow.com/view/E545E1F56D3F46C956BB3384C625ABC8ECA90C17