March 03, 2017

These findings illustrate a profound gap between the desire to succeed – which is real and shared among these young people – and the knowledge and opportunity of how to succeed. For a generation experiencing far less economic growth than prior generations, understanding these potential misalignments are as urgent and pressing as ever.

  •     This research is part of the Citi Foundation’s Pathways to Progress initiative, designed to boost the employability of young people, ages 16-24, around the globe.
  •     Young people (defined as 16-24 year olds) are a significant population representing about 1.2 billion people and 16% of the world’s population.

Findings of the Citi / Ipsos Global Survey:

Achieving “Success”

  •     Eight in ten (79%) young people in developing markets believe they will find opportunities to succeed in their preferred career; compared to 64% of their counterparts in developed markets.
  •     More than three-quarters say they are doing better relative to their parents at their age in terms of their ability to get an education (83%), their ability to achieve their professional goals (78%), their access to quality health care (77%), and their opportunities for professional success (77%).

Home Ownership & Location

  •     Young people are far less optimistic about their ability to afford a home (57%) relative to their parents at their age.
  •     Perhaps this “opportunity gap” is a motivating factor behind the mobility of young people. A quarter (24%) of young people surveyed have moved within the last 5 years, citing more or better education opportunities (40%) and more work opportunities (36%) as the reasons for moving.

Access to Education & Training

  •     Globally, 67% of young people believe that a university education is needed to be successful. However, just as many (69%) see education as beyond their financial means.
  •     Eight in ten young people (78%) agree that apprenticeships and internships are critical to their career success.

Be Your Own Boss Generation

  •     The entrepreneurial spirit is strong in all of the surveyed cities, with seven in ten (69%) of young people dreaming of starting their own business.
  •         Additionally, 70% of young people say that owning their own business is a better path to success than working for someone else.
  •         More than three quarters of young people are willing to work long hours (76%) and think it’s worth taking risks to achieve their dream (82%).

These are the findings from a study conducted by Ipsos on behalf of the Citi Foundation. The survey was conducted online between November 2016 and January 2017 among 6,894 respondents, age 18-24 years old in 45 cities around the globe. Approximately 150 interviews were conducted in each city. Data was weighted to the local adult population of 18-24 year olds on gender, age, and household income. In the US, race/ethnicity was also included in the weighting scheme. Five hundred young people age 18-24 were interviewed across the United States to provide a national view of this population.

The precision of Ipsos online polls are calculated using a credibility interval. A poll of 1,000 interviews is accurate to +/- 3.1 percentage points; a poll of 500 interviews to +/- 4.5; and a poll of 150 interviews to +/- 9.1. For more information on the Ipsos use of credibility intervals, please visit the Ipsos website.

 

 

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