Critical Issues Facing the Millennial Generation
By now it is a fairly well-known fact that Millennials are by far the largest group of people on the planet. Digging a little deeper though, we find that fifty percent of the world’s population is under the age of 30 (there are, of course, Millennials outside this age-break), which is an even more significant statistic when you take a moment to ponder it.
With Millennials composing a significant portion of the global population, no matter how you slice it, they will define our collective future going forward in the years — and yes, decades — to come. Because of this growing level of impact, it is important that we understand their view of the world, their passions, and what they want for our shared future. Understanding these world-views will give us a clear indication of how they will engage the road ahead.
Based on a recent survey, two of the key concerns in 2018 for the Millennial generation are climate change and global conflict.
The third hottest concern for them focuses on entrepreneurship, and a person’s ability to engage in it. When surveyed, Millennials also felt that access to the Internet, and social media, followed close behind in importance, particularly because access to these “essential life ingredients” is necessary for starting their own businesses.
The Millennial Generation Speaks Out
Also discovered as part of the survey, over 50% of younger Millennials believed that their opinions and voices are not being recognized. Solving this issue is no easy task, but developing initiatives with clearly defined paths that Millennials can contribute to and exercise their voices in, may be a pathway we as a global culture and community can explore together.
Another pressing issue facing Millennials is their ability to find a resolution to conflict in the world, another larger-scale issue.
The critical question here being: how does this generation begin to feel empowered to combat it?
Believe it or not, Millennials see one potential solution to this being through entrepreneurship, as this is how they feel they can truly fuel effective change in the world. Entrepreneurship gives them a vehicle to develop, and implement, innovative solutions to existing problems in the world.
They may not feel they can effect change through existing, antiquated systems…but they do if they can build new ones on their own.
Millennial Generation Wants to Tackle Unemployment
Although unemployment affects all countries — particularly with individuals under 30 — technology and entrepreneurship alone can’t solve the problem. Unemployment has now reached a record high of 13% internationally, with an urgent need for a solution.
Starting a new business isn’t a simple fix as most start-ups statistically will fail (9 out of 10, to be exact). As anyone who’s started a business learns, there is no single formula that leads to business “success,” making a quick and clear solution for Millennials somewhat elusive despite the best of intentions.
Even well-funded start-ups coming out of Silicon Valley struggle to figure out the key to “success,” many times as constant evolution is required. As Millennials look to pursue their entrepreneurial spirit and open new businesses, they too will inevitably find the challenge of running a business much more difficult than they originally thought.
Ultimately, the message is clear: the way to help Millennials resolve unemployment is by arming them with the business skills and understanding that sets the stage for their success.
Building a strategy to help Millennials achieve these goals for 2018 and beyond is a necessary first step. That combined with their eagerness to generate effective, positive change will make Millennials potentially unstoppable towards a better tomorrow.