1 in 2 millennials in Singapore are pessimistic about career prospects

1 in 2 millennials in Singapore are pessimistic about career prospects

Singapore's young and educated workers may excel at a lot of things, but when it comes to optimism, it seems there is a lot of catching up to do.

A new global survey of 19,000 millennials conducted by the ManpowerGroup found that only half of Singapore's millennials are confident about their career prospects.

Photo: ManpowerGroup

Among the 18 countries included in the survey, Japan's millennials were found to be the least optimistic, with only 30 to 39 per cent of respondents expressing optimism about the future of their jobs. Japan has one of the world's most rapidly ageing populations while its national debt in relation to GDP is the highest in the world at 249.34 per cent.

Millennials in Italy and Greece were also largely pessimistic, with just 40 to 49 per cent expressing optimism, while results in France were similar to Singapore's.

It was, however, a different picture for countries like China, India, US and Australia, where millennials were found to be far more optimistic.

Photo: ManpowerGroup

According to the survey, Singapore millennials work an average of 48 hours a week, tying with China, Switzerland and Mexico.

Millennials in India were to found to work the longest hours, clocking an average of 52 hours per week.

Greek millennials said they worked an average of 47 hours a week, while those in Japan are believed to work around 46 hours every week.

Photo: ManpowerGroup

In addition, about 14 per cent of Singapore millennials said they did not think they would retire, and believed that they would work until the day they die.

In Japan, about 37 per cent of millennials felt they would not see a single day of retirement, while 18 per cent of Chinese and 15 per cent of Greeks felt the same way.

Globally, about 12 per cent of millennials surveyed said they would work till the day they die.

ljessica@sph.com.sg

 

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