17 April 2017 - "Phillennials" or Filipino millennials, despite political issues and uncertainties in their own homes and environment, remained the most optimistic individuals in the world according to the finding of Deloitte's 2017 Millenial Survey released by Deloitte Southeast Asia Member Firm Navarro Amper Co. (NA&Co.)
According to NA&Co., 89% of "Phillennials" expect improvement on the overall economic growth of Philippines in the next 12 months which is considered high compared to 45% on a global average and Southeast Asia's 53%.
Fourth Quarter of 2016, the survey was conducted to 8,000 millennials from 30 countries. The demographic profile of participants is those born after 1982, degree holder, and employed in large private-sector organizations.
300 of the participants were Filipinos with equal gender representation with 84% of the Filipino participants that share a positive outlook on the country's social and political standing compared to 36% from all over the globe who share sentiment regarding the same matters on their respective countries.
“Notably, lack of optimism regarding ‘social progress’ is most evident in Belgium, France, Germany and the United Kingdom -- nations that are now dealing with the reality of Brexit and the rise of far-right populism,” Deloitte said in its statement on survey results.
“Meanwhile, greater optimism is seen in the Philippines, Brazil, India, Indonesia and Turkey,” it added.
“On a more personal level, most ‘Phillennials’ also expect to be financially better off (84%) and happier (76%) than their parents,” Deloitte noted.
“Globally, those figures stand at just 26% and 23%, respectively,” while averages for Southeast Asia stood at 44% and 38%.
For “Phillennials,” terrorism emerged as the top concern, with 40% of respondents admitting it worries them, while 35% cited “crime/personal safety” as a “great concern." Rounding up Filipino respondents’ top five concerns were health care/disease prevention (29%), climate change/protecting the environment/natural disasters (27%) as well as unemployment (24%).
More than nine out of 10 “Phillennials” feel that not only does the government have the ability to solve issues that worry them, “it has already made a positive impact in addressing these problems.”
Moreover, about 69% of “Phillennials” feel it is acceptable for political leaders to give “opinions with passion” and 55% said it is all right for them “to take controversial or divisive positions.”
Sources: BusinessWorld