Millennials generally refer to people born between 1980 and 1994 (that is, currently 27-41 years old). They are now the world’s largest adult group and the most educated. So how will this generation affect society?As millennials gain more earning power, this chart from the American index compiling company MSCI (MSCI) shows the regional breakdown of global millennials and their rising influence effect.
Currently, millennials account for 1.8 billion people, equivalent to 23% of the global population. Among them, the number of millennials in Asia is the largest. There are 1.1 billion millennials in the entire region, accounting for 24% of the region’s population.
It is estimated that by 2030, Millennials and Generation Z are expected to account for 75% of the Association of Southeast Asian Nations (ASEAN) consumers.
The number of millennials in Africa ranks second with 278 million. Millennials control 65% of Africa’s purchasing power through household purchases, valued at US$845 billion.
In North America, it is estimated that by 2025, the spending of millennials will increase by 10%. In a survey, more than 50% of American millennials are worried about their future employment prospects.
It’s worth mentioning that millennials are historicallyeducateThe most advanced generation. In addition, the education level of women surpassed that of men in almost all regions for the first time. This model shows that, as evidenced by historical trends, women can play a more specific role in politics, grassroots movements, business, and public discourse.
Webmaster’s Home Note: The article data comes fromvisualcapitalist.