For millennials, purpose and precarity co-exist, reveals new report from the Coalition for Inclusive Capitalism
A new report from the Coalition for Inclusive Capitalism reveals that although millennials will soon be in control of $30 trillion through wealth transfer, they are fraught with comparative anxiety as they are made persistently aware, through social media, of their peers’ successes.
The report, The Millennial Challenge for Inclusive Capitalism, produced by Impact Squared and Csorba & Company Ltd. in partnership with the Coalition for Inclusive Capitalism, is the result of five roundtable conversations with over 50 exceptional millennials across four cities: London, New York, Edmonton and Calgary. Together, participants shared perspectives from their experiences in a wide range of industries, such as finance, technology, social impact, non-profits and academia, across 12 countries. The discussion topics related to the Coalition for Inclusive Capitalism’s October conference theme, “Committing to the Future.” Over the course of these 90-minute roundtables, participants engaged in free-flowing discussions based on three guiding questions:
- How do millennials approach the need for business to champion a long-term and societal approach to investment, particularly as they enter adulthood and imagine their futures?
- How can business best gather millennials’ support in order to adopt sustainable and ethical investment practices?
- How can we equip millennials to adopt a long view to their lives and careers, in a society where insecurity and uncertainty are increasingly the norm?
Over the past years, millennials have received copious amounts of time and coverage in the public eye, with countless books, reports and articles written on the consequences of this generation’s thinking on the future of work. Generally considered to fall between the ages of 18 and 35, millennials are now entering leadership roles across multiple facets of society, whether this is in business, government or non-profits. 50% of the world’s population is under the age of 27, with millennials expected to represent approximately 75% of the world’s workforce by 2025.
Millennials have entered the workforce and are now building their careers, at a time of tremendous economic, political and technological change. Together, these changes pose many challenges, but equally, opportunities for leaders with the energy and vision to engage their counterparts in this generation. Indeed, millennials believe that their work can – and should – further social change.
Download The Millennial Challenge for Inclusive Capitalism report here