Millennials in the Balearic Islands: pessimistic about their future

SEVENTY-SEVEN per cent of Balearic ‘millennials’ with academic qualifications think that they will have to leave Spain to find a job in the next few years.

The data was released in the Cambridge Monitor Barometer, which carried out 1,200 interviews with youths between 16 and 24 years old.

Sixty per cent of youths in the islands say they have a high or very high level of English, the highest percentage anywhere in Spain, according to the study. Only 3 per cent admit having a low or very low level of English.

In addition, 93 per cent of the millennials would rather work in their ideal vocation even if they earned less money, and eight out of 10 believe that their income will be lower than their parents’. The same percentage of youths think that they will enjoy less work stability than their parents.

One third of those interviewed think that they will have to wait until reaching 75 to retire and 3 per cent believe that retiring will not be possible and that they will be working until they die.

Spokesperson for Cambridge University Press, Julio Redondas, explained that even though this generation is much better prepared academically, they are pessimistic when asked about their future due to the negative financial situation of the country.

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