I found this article that I read earlier in the year.
It’s a survey and analysis done by Deloitte, which outlines some of the things Aussie Millennials are most frustrated about. To some extent, they probably reflect the greater Millennial population around the globe.
Top frustration or concern is terrorism. Not very surprising is it? Every now and then, the media headline will report some sort of terrorist attack in the world. The events themselves are frightening, the frequency of these events are also very distressing. It certainly feels like peace is shattering, and world war 3 is on its way.
Other frustrations for Millennials are:
● environment and climate change, and
● income inequality and distribution of wealth
While I’m not as sensitive about the environment and climate change, I can certainly relate to income and distribution of wealth. I don’t know about other countries, but cost of living in Australia, particularly in Sydney and Melbourne, is insanely high! We see price jump every single year on most of the things we buy, while salary income is crawling at snail pace. Not to mention the housing affordability issue, it’s almost impossible for our generation to own a place called home now without ‘the bank of mum and dad.’
To make the scene worse, according to the same study, unemployment rate among young people is twice as high as the general population, and 20% out of those working are wanting to work more. I have mixed feelings when I read about this. Technically, I should consider myself lucky among my Millennial peers in Australia. I work in a bank, in a full time stable position (though there are recent announcements that the organisation will lay off a few thousand positions over the next 3 years or so). For now at least, I earn enough to pay my debts and general living expense. Yet, I also feel like I should be working more to earn more. Perhaps the drive comes from raising kids. I have 2 young kids. Though the cost of raising them now is hardly an issue, the thought of their future education expenses does make me wake at night. My husband Tim has already taken on two jobs and a side business. He spends 15 hours of his daily time on them. The only reason I haven’t gone to get a second job is because of the kids. I have to admit, being compelled to work more because of rising cost of living is frustrating and distressing.
If any fellow Millennials out there is reading this post, I’d love to hear from you. What are your biggest living concerns and frustrations?