Thu, Oct 17, 2019
- View all articles
Our survey was performed online with the goal of obtaining responses from men and women between the ages of 23 and 38 (born between the years 1980 and 1996) from some of the largest automotive markets around the world, including Argentina, Brazil, Canada, China, France, Germany, Hong Kong, India, Italy, Japan, Mexico, Singapore, the UK and the U.S. With the country data, we grouped together certain regions, including the U.S. and Canada; Latin America, including Mexico, Brazil and Argentina; Europe, including Germany, the UK, France and Italy; and Asia, including China (other than Hong Kong), Hong Kong, Japan, India and Singapore.
Overall, our response rate was highly diverse across multiple factors. We obtained survey responses from 2,150 millennials around the globe, with 50% identifying as male and 50% identifying as female. The gender response rate by region and country was very similar to the global results.
In terms of age range, our global response rate was as follows:
- 23 to 26: 25%
- 27 to 30: 26%
- 31 to 34: 27%
- 35 to 38: 21%
Our regional response rate by age was similar to the global results. However, the response rate skewed older in Canada (60% of respondents in their 30s) and India (58% of respondents in their 30s).
We surveyed city, suburban and rural community/small town dwellers. Globally, 58% of respondents were city dwellers, 25% were suburban dwellers and 17% were rural/small town dwellers. Regionally, Latin American respondents from cities responded at a much higher proportion (75%) relative to the global results, whereas U.S. and Canadian respondents had a lower proportion in cities and a higher proportion in the suburbs relative to the global results. By country, over 70% of respondents in Argentina, Brazil, China (other than Hong Kong), Hong Kong, India and Mexico reported living in a city. Interestingly, less than 50% of respondents in Germany, Japan, the UK and the U.S. reported living in a city.
In terms of living arrangements, our global response rate was as follows:
- Live with my spouse/significant other: 43%
- Live with my parents: 27%
- Live with my or my spouses’ children: 26%
- Live by myself: 15%
- Live with one or more roommates: 7%
By country, over 45% of respondents from Hong Kong, India, Japan and Singapore reported living with their parents. A relatively low number of respondents from India and Japan reported living with their spouse/significant other at 12% and 25%, respectively.
After a delay caused in part by the Great Recession, millennials are finally beginning to start families. Globally, 49% of respondents reported having children. By country, over 65% of respondents in Argentina, China (other than Hong Kong) and Mexico reported having children, whereas over 65% of respondents in Canada, Germany and Japan reported not having children.
Globally, 65% of respondents reported as working full-time and 14% reported no current employment. By country, China (other than Hong Kong), Hong Kong, India and Singapore all had response rates of working full-time of over 80%, which is significantly higher than the global response rate (65%). Italy’s response rate of working full-time (46%) was lower than the global response rate.
If you would like a copy of the regional and country level data please email, [email protected].
Corporate Finance and Restructuring
M&A advisory, restructuring and insolvency, debt advisory, strategic alternatives, transaction diligence and independent financial opinions.
Mergers and Acquisitions (M&A) Advisory
Kroll’s investment banking practice has extensive experience in M&A deal strategy and structuring, capital raising, transaction advisory services and financial sponsor coverage. Duff & Phelps acquired Kroll in 2018 and unified under the Kroll brand in 2020.
Transaction Advisory Services
Kroll’s Transaction Advisory Services platform offers corporate and financial investors with deep accounting and technical expertise, commercial knowledge, industry insight and seamless analytical services throughout the deal continuum. Duff & Phelps acquired Kroll in 2018 and unified under the Kroll brand in 2020.
Financial Sponsors Group
Dedicated coverage and access to M&A deal-flow for financial sponsors. In 2018, Duff & Phelps acquired Kroll and unified under the Kroll brand in 2020.
Private Capital Markets – Debt Advisory
Kroll has extensive experience raising capital for middle-market companies to support a wide range of transactions. Duff & Phelps acquired Kroll in 2018 and unified under the Kroll brand in 2020.
Industrials Investment Banking
Industrials expertise for middle-market M&A transactions. In 2018, Duff & Phelps acquired Kroll and unified under the Kroll brand in 2020.
Technology Investment Banking
Technology expertise for middle-market M&A transactions. In 2018, Duff & Phelps acquired Kroll and unified under the Kroll brand in 2020.