Young British Millenials Not Bothered About Economic Crisis
By Shane Croucher | November 20, 2012 1:47 AM EST
Only 12 percent of nine to 14-year-olds in Britain think the global economic crisis is important, according to a new study of the so-called "Millennial" generation, with just over a fifth not caring if it ever improves.
However, the older half of the country's Millennial group, aged from 15 to 30, rank the global economic crisis as the most significant event affecting their lives and are pessimistic about the future because of it, reported entertainment business Viacom in its study The Next Normal: An Unprecedented Look at Millennials Worldwide.
Young people in Britain face a difficult future as they bear the brunt of government austerity to reduce the deficit in public finances, after a boom in fiscal spending before the financial crisis unsettled the global economy.
Official data shows that there are almost a million 16-to-24 year-olds not in education, employment or training in the UK.
This has fed into the fears of the Millennials, with 51 percent of the 900 UK respondents to the Viacom survey saying they spend time worrying about finding a job.
Viacom's study surveyed Millennials across the planet, with job security outweighing world hunger as their number one concern, at 49 percent saying they fear the employment situation will only get worse the world over.
Pessimism is also rife over earnings, with just 25 percent saying they think they will earn more than their parents - down from 38 percent before the financial crisis.
To contact the editor, e-mail:
Most Popular Slideshows
- Celebrities Who Were Victims of Rape: Psychological and Physical Effects of Rape
- Still The World Champions: Team USA Overpowers Serbia, 129-92 To Win 2014 FIBA World Cup [PHOTOS]
- Women’s Tennis’ Grand Slam Winners Of 2014 - Li Na, Sharapova, Kvitova, And Williams
- Kanye West, Ben Affleck, Serena Williams Are Victims Of Migraines: Ways To Tackle It
Join the Conversation
- Australian Dollar Outlook - 15 September 2014
- Canada's Opposition NDP Vows to Work Back Federal Minimum Wage, Proposes C$15/Hour
- Australian Dollar Outlook - 12 September 2014
- Ukraine Crisis: New EU Sanctions vs Russia Goes Into Effect Friday
- US War vs ISIS Going Haywire: Syria, Iran Criticise Washington for Excluding Them From Strategy
- iPhone 6 vs iPhone 6 Plus vs Galaxy S5 and HTC One M8: Performance, CPU and Health
- Google Android Lion vs Apple iOS 8: Why Make the Big Switch
- Samsung Galaxy Note 4 vs. OnePlus One – Can The Underdog Trump The Monster?
- US Government Threatened Yahoo to Provide User Data: If not Pay a Fine of $250,000 per day
- Optus Successfully Launches Optus 10 Satellite That Will Improve TV, Internet, Phone & Data Transmission In Australia
- Forget Nexus 6 Release Date, Moto X Pure Edition is Coming Soon with Wi-Fi Calling – Reports
- 7 Reasons Why Atlassian Topped BRW’s Best Place To Work In Australia 2014 List