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Citi Foundation
Economic Prospects & Expectations
Based on research and analysis by:
PATHWAYS
TO PROGRESS
GLOBAL YOUTH SURVEY 2017
Pathways to Progress
Young people today make up the largest youth population in history. Their
successes and struggles are as diverse as their personalities and aspirations.
However, in all corners of the globe, this generation faces a common
challenge: persistent youth unemployment. Left unaddressed, the
consequences reverberate across our cities. When young people don’t see
or have a sustainable economic path, our families and communities also
suffer. In fact, the futures of cities are intrinsically tied to the economic
success of young people.
We know, however, that young people remain optimistic, entrepreneurial,
and have expectations for what they need to succeed. We wanted to
capture these drivers and learn how municipal leaders, civil society, the
private sector, and others can work together to bridge the gap between the
economic aspirations and reality of young people. Young people believe in a
brighter future and it is up to us to afford them that opportunity.
That’s why the Citi Foundation commissioned a survey with Ipsos to build on
existing research and further gauge the economic prospects and pursuits
of young people in 45 cities across 32 countries around the world. The
results in this paper are based on the voices of more than 7,000 young
people surveyed. We learned about what careers they want to pursue,
the availability of resources that help connect them to employment
opportunities, and the obstacles that stand in their way.
This research is part of the Citi Foundation’s Pathways to Progress initiative,
designed to boost the employability of young people, ages 16-24, around the
globe. In February 2017, we announced an expanded three-year commitment
to invest $100 million to connect 500,000 young people globally to
opportunities that set them on a path towards economic success. Through
entrepreneurship training, mentorship, leadership development, and a first
job, we are working with leading community organizations and municipal
leaders around the world to help make today’s young people the most
employable generation yet. Together, we are helping test, scale and replicate
proven solutions, as well as taking learnings from our work in the United
States and applying it globally where appropriate.
With a rapidly changing and complex economic and social environment,
these insights will help guide our approach to investing in our future leaders.
We hope it will help inform your work too.
Brandee McHale
President, Citi Foundation
Young people in this
changing world
We live in a time full of opportunities and uncertainties.
These rapid changes present a challenging new landscape
for today’s young people to navigate. Young people (defined
as 16-24 year olds) are a significant population representing
about 1.2 billion people and 16% of the world’s population1
.
They are the largest single generation in human history and
face unprecedented technological, social and economic
changes. Young people have the opportunity to shape the
next five decades, but they need help to overcome barriers
and realize their full potential.
Globally, unemployment among young people is stubbornly high at more
than 13%. More alarming is the number of employed young people—156
million­­—who live in extreme or moderate poverty despite having a job, often
in emerging and developing countries2
. In this environment, young people
need an agile and versatile skill set to compete for meaningful employment
opportunities, thus ensuring their individual economic well-being and also
contributing to the overall strength and success of their communities.
For this young demographic, large hurdles exist such as poor access to
education, few opportunities for on-the-job training and limited numbers of
well-paying jobs, particularly among low-income young people.
1. CIA World Factbook, 2016
2. International Labour Organization, 2016
1
Our research shows that young people across the globe are
overwhelmingly optimistic about their future. A fundamental
question is how to capitalize on this optimism and best prepare
young people to take advantage of future opportunities that will
lead them towards economic success. To investigate this, we ask
two central questions in this paper:
•	 How are young people preparing for their future?
—— In terms of where they live? The types of careers they
pursue? Their education? The importance of practical
experience through internships and apprenticeships?
Their desire to have their own business?
•	 And what barriers do they face when preparing for their future
careers?
—— Central here is what impediments or gaps exist that would
hinder young people’s preparation for their future?
To address these questions, the Citi Foundation commissioned
Ipsos to conduct this research. The survey was conducted online
between November 2016 and January 2017 among more than
7,000 young people age 18-24 in 45 cities around the globe.
Approximately 150 interviews were conducted in each city. Data
was weighted to the local adult population of 18-24 year olds on
gender, age, and household income. In the U.S., race/ethnicity
was also included in the weighting scheme. Five hundred young
people age 18-24 were interviewed across the United States to
provide a national view of this population.
This analysis was conducted by the Public Polling unit of Ipsos
Public Affairs led by Clifford Young, PhD. Secondary data from
other sources, where relevant, is used to synthesize this analysis.
Developed Markets: Chicago, Cleveland, Dallas, Denver, Dubai,
Hong Kong, Istanbul, London, Los Angeles, Madrid, Miami,
Moscow, New York, San Francisco, Seoul, Singapore, St. Louis,
Sydney, Taipei, Tampa/Jacksonville, Tel Aviv, Tokyo, Toronto,
Warsaw, Washington D.C.
Developing Markets: Bangkok, Beijing, Bogotá, Buenos Aires,
Casablanca, Guadalajara, Ho Chi Minh, Jakarta, Johannesburg,
Kuala Lumpur, Lagos, Lima, Manila, Mexico City, Mumbai, Nairobi,
New Delhi, Panama City, São Paulo, Shanghai
7,394YOUNG PEOPLE
18-24YEARS OF AGE
45CITIES
32COUNTRIES
2
3. Chetty, Stepner & Abraham, 2016
The Optimism Gap:
YOUNG PEOPLE ARE OPTIMISTIC DESPITE UNCERTAINTY
AND CHANGE ACROSS THE GLOBE
Where a young person lives and works drives much of the direction of his
or her life. Many studies have shown that geography signicantly affects
health, life expectancy, education, income, security, and overall happiness
with large urban areas outperforming rural and peripheral regions3
. The
old adage, ‘Location, Location, Location,’ also applies to determining life
outlook.
As such, it is not surprising that these young people from large global
cities—which are the economic engines of their respective countries—are
very optimistic about their future career opportunities. In fact, 70% of
young people surveyed say they have many opportunities to succeed in
their preferred career. This optimism holds true despite the changing global
political and economic landscapes—from the intensifying global refugee
crisis, to the recent ‘Brexit’ vote in the United Kingdom, to the recent U.S.
presidential election. These events undoubtedly leave a mark on young
people, however, they remain optimistic. Interestingly, we see a higher
level of optimism amongst young people in developing cities compared to
developed cities. Eight in ten (79%) young people in developing markets
believe they will find opportunities to succeed in their preferred career as
compared to 64% of their counterparts in developed markets.
70%
OF YOUNG PEOPLE SURVEYED
SAY THEY HAVE MANY
OPPORTUNITIES TO SUCCEED
IN THEIR PREFERRED CAREER
3
What is the basis for this optimism? Most of these young people believe that they are better off than their
parents were at their age, in several different areas. More than three-quarters say they are doing better
relative to their parents at their age in terms of their ability to get an education (83%), their ability to
achieve their professional goals (78%), their access to quality health care (77%), and their opportunities for
professional success (77%). Interestingly, youth are far less optimistic about their ability to afford a home
(57%) relative to their parents at their age. This is particularly apparent in developed markets, where fewer
than half (48%) say they are optimistic in their ability to afford a home, perhaps reflecting the lingering
impact of the 2008 financial crisis and also the high costs of city-living. Given the unprecedented urban
growth in recent decades, many parents likely lived in less expensive rural areas when they were young.
Their sense that their opportunities are better than those of their parents is particularly pronounced when
we examine young people’s attitudes in developing (more optimistic) vs. developed (relatively less optimistic)
markets. Young people in developing markets rate their position relative to their parents consistently higher
than their counterparts in developed markets.
Young people from cities in developing markets like Mumbai (95%), Delhi (93%), Jakarta (92%), Manila
(92%) and Panama City (91%) are the most likely to feel their opportunities for professional success
are better than their parents. Young people from developed markets like London (58%), Taipei (57%),
Tokyo (54%), Seoul (51%) and Madrid (48%) are least likely to feel this way.
Q. How would you rate how you are doing relative to your parents when they
were your age on the following...?
Ability to get an education
Ability to achieve professional goals
Access to quality health care
Opportunities for professional success
Ability to afford a home
83%
79%
89%
78%
71%
87%
77%
77%
57%
84%
71%
70%
72%
85%
48%
(% Much / Somewhat Better Off)
Total Developed Markets Developing Markets
FIGURE 1: HOW ARE YOU DOING RELATIVE TO YOUR PARENTS WHEN THEY WERE YOUR AGE?
4
The Opportunity Gap:
YOUNG PEOPLE BELIEVE IN THEIR OPPORTUNITIES FOR FUTURE
CAREER SUCCESS; HOWEVER, DISCONNECTS EXIST
There are significant disconnects between the careers young people
want and the ones they are currently working in—55% of those who are
currently working are employed in an industry they don’t aspire to be in—and
interestingly this is consistent across developed and developing markets.
Yet, as previously noted, when asked if they will find opportunities to
succeed in their desired field, 70% believe they will.
So what is this mismatch, what are young people doing and what do they
want to be doing?
55%
OF YOUNG PEOPLE SURVEYED
CURRENTLY WORK IN AN
INDUSTRY THAT THEY DON’T
ASPIRE TO BE IN
5
A closer look at the technology/science sector
illustrates the mismatch facing these young
peoples’ reality vs. expectation. Although 20%
of these young people would like to work in the
technology/science sector, only 12% of workers
are currently in that field. The top cities with this
mismatch are: Tel Aviv, Shanghai, Buenos Aires
and Panama City.
Across all regions of the world, the top three professions young people aspire to work in are: technology/science, arts/
entertainment, and professional activities. One in five (20%) young people express the desire to work in technology/science,
outstripping any other field. However, currently the top profession young people are working in is sales/retail (17%).
5%
11%
9%
11%
6%
10%
4%
8%
7%
7%
4%
7%
17%
6%
12%
6%
8%
5%
3%
2%
20%
TECHNOLOGY
ORSCIENCE
ARTSOR
ENTERTAINMENT
PROFESSIONAL
ACTIVITIES
HEALTH
CARE
GOVERNMENT EDUCATION INTERNET
STARTUP
SALES
ORRETAIL
SERVICE CONSTRUCTION
ORMANUFACTURING
TRANSPORTATION
TEL AVIV
BUENOS AIRES
SHANGHAI
PANAMA CITY
GUADALAJARA
BOGOTÁ
CASABLANCA
NAIROBI
39%
36%
43%
23%
33%
31%
37%
38%
-27
-20
-20
-17
-15
-15
-15
-15
TECHNOLOGY / SCIENCE
PREFERRED
CAREER
CURRENT
VS.
PREFERRED
Current Career
Preferred Career
12%
16%
23%
6%
18%
16%
22%
23%
CURRENT
CAREER
FIGURE 2: CURRENT CAREER VS. PREFERRED CAREER
FIGURE 3: TECHNOLOGY/SCIENCE CURRENT VS. PREFERRED CAREER: 	
CITIES WITH THE LARGEST MISMATCH
12%
Q. What type of work do you do? If you work for more than one organization, think of your main employer.
Q. What field would you most like to have a career in?
Q. What type of work do you do? If you work for more than one organization, think of your
main employer.
Q. What field would you most like to have a career in?
6
Young people believe a wide range of factors would help them find a job that is in line with their career
aspirations. The most cited needs are more on-the-job experience (48%) followed by more professional
connections (41%) and more social connections (35%), which are consistent across developed
and developing markets.
Perhaps this “opportunity gap” is a motivating factor behind the mobility of young people. A quarter (24%)
of young people surveyed have moved within the last 5 years, citing more or better education opportunities
(40%) and more work opportunities (36%) as the reasons for moving.
On-the-job experience
More professional
connections
More social
connections
The right education
More jobs in my city
More jobs in my
occupation
If I knew where to
learn about job
opportunities
48%
41%
35%
33%
33%
31%
27%
DEVELOPED
MARKETS
47%
42%
36%
34%
35%
32%
30%
50%
39%
35%
32%
31%
29%
24%
DEVELOPING
MARKETS
FIGURE 4: WHAT WOULD MAKE IT EASIER TO FIND A JOB?
TOTAL
DEVELOPED
MARKETS
DEVELOPING
MARKETS
Q. What would make it easier to find a job / employment?
7
The Higher Education Gap:
AN IMPORTANT KEY TO SUCCESS YET OUT OF REACH FOR MANY
Globally, 67% of young people believe that a university education is needed
to be successful. However, seven in ten (69%) see education as beyond their
financial means.
These perceptions are grounded in reality. In the U.S., the average cost of
higher education per year is more than half the median household income
(US$ 33,620 v.$56,516). In Japan, it is about half (US$11,865 v. $22,790),
and, in Mexico, it is close to 100% of the average household income
(US$4,615 v. $5,077)4
.
67%
OF YOUNG PEOPLE SURVEYED
BELIEVE THAT COLLEGE IS
NECESSARY TO BE SUCCESSFUL
4. Usher and Medow, 2010
8
The number of young people who see higher
education as unaffordable is not equally
distributed across the world. Young people in
developing cities are much more likely to feel
an education is beyond their financial means.
In cities like São Paulo, New Delhi, Mumbai and
Manila, young people view a university degree
as critical for success but also see education as
beyond their financial means. In contrast, in cities
such as Buenos Aires, Los Angeles, San Francisco
and Bangkok, a university education is highly
valued, but is less likely to be viewed as beyond
their financial means.
Ultimately, education is seen as essential by a majority of young people. But it is both perceived and actually is beyond the means
of many young people. This inequality of educational opportunity is especially acute in cities in developing countries.
Bangkok
Beijing
Bogota
Buenos	
  Aires
Casablanca
Chicago
Cleveland
Dallas
Delhi
Denver
Dubai
Guadalajara
Ho	
  Chi	
  Minh
Hong	
  Kong
Istanbul
Jakarta
Johannesburg
Kuala	
  Lumpur
Lagos
Lima
Los	
  Angeles
Madrid
Manila
Mexico	
  City
Miami
Moscow
Mumbai
New	
  York	
  City
Panama	
  City
San	
  Francisco
Sao	
  Paulo
Seoul
Shanghai
Singapore
St.	
  Louis
Sydney
Taipei
Tampa/Jacksonville
Tel	
  Aviv
Tokyo
Toronto
Washington	
  DC
50%
70%
90%
50% 70% 90%
NEED DEGREE TO BE SUCCESSFUL
EDUCATIONISBEYONDMEANS
AVERAGE
NEEDDEGREE
AVERAGE
EDUCATION BEYOND MEANS
Figure	
  6:	
  Perceived	
  Necessity	
  of	
  University	
  Education	
  vs.	
  Perception	
  Education	
  Is	
  Beyond	
  Means
Note:	
  Three	
  cities	
  with	
  outlier	
  scores	
  are	
  not	
  included	
  in	
  the	
  chart,	
  in	
  order	
  to	
  improve	
  legibility:	
  Nairobi	
  (38%	
  agree	
  university	
  education	
  is	
  needed	
  to	
  be	
  successful,	
  78%	
  education	
  is	
  
beyond	
  means);	
  London	
  (49%,	
  50%);	
  and	
  Warsaw	
  (48%,	
  50%).
Q.	
  Do	
  you	
  agree	
  or	
  disagree	
  with	
  the	
  following	
  statements?	
  You	
  need	
  a	
  university	
  education	
  to	
  be	
  successful
Q.	
  Do	
  you	
  agree	
  or	
  disagree	
  with	
  the	
  following	
  statements?	
  The	
  education	
  I	
  want	
  to	
  achieve	
  is	
  beyond	
  my	
  financial	
  means	
  
(%	
  strongly	
  /	
  somewhat	
  agree)
Z—The	
  note	
  should	
  be	
  same	
  font	
  size	
  as	
  Question	
  wor
Total
69%
Developed
Markets
64%
Developing
Markets
77%
FIGURE 5: THE EDUCATION I WANT TO ACHIEVE IS BEYOND MY FINANCIAL MEANS
(% Strongly / Somewhat Agree)
FIGURE 6: PERCEIVED NECESSITY OF UNIVERSITY EDUCATION VS. PERCEPTION EDUCATION IS BEYOND MEANS
(% Strongly / Somewhat Agree)
Q. Do you agree or disagree with the following statement? The education I want to
achieve is beyong my financial means
Note: Three cities with outlier scores are not included in the chart, in order to improve legibility: Nairobi (38% agree university education is needed
to be successful, 78% education is beyond means); London (49%, 50%); and Warsaw (48%, 50%).
Q. Do you agree or disagree with the following statements? You need a university education to be successful
Q. Do you agree or disagree with the following statements? The education I want to achieve is beyond my financial means
New
9
The Experience Gap:
INTERNSHIPS AND APPRENTICESHIPS ARE SEEN AS CRITICAL FOR
SUCCESS BUT YOUNG PEOPLE DON’T BELIEVE THERE ARE ENOUGH
OPPORTUNITIES
While education is very important, young people don’t believe that it is the
only component in achieving success. Others factors are at play. Social
scientists see “social capital” as essential in advancing in one’s career-
building strong communities and combating social ills5
. How do young
people forge such bonds of trust and experience? The short answer is
through internships and apprenticeships.
Eight in ten young people (78%) agree that apprenticeships and internships
are critical to their career success. This sentiment varies across region,
from a high of 81% in Latin America to a low of 75% in both North America
and Europe.
However, as strong as this value might be, the majority of young people
(60%) don’t feel that there are enough internships and apprenticeships in
their city. Simply put, there is a mismatch between the demand for such
opportunities and the supply of them.
78%
OF YOUNG PEOPLE SURVEYED
AGREED THAT APPRENTICESHIPS
AND INTERNSHIPS ARE CRITICAL
5. Seibert, Kraimer & Liden, 2001
10
Interestingly, like jobs and education, access
to apprenticeships and internships is not
equally distributed. The developing markets
show an even greater lack of opportunities for
apprenticeships/internships. The cities where
the lack of opportunities are greatest include:
Mumbai (78%), Nairobi (78%), Manila (77%),
Panama City (77%), New Delhi (76%) and Lima
(75%), among others. In contrast, cities in
developed countries do not show a large deficit.
Again, the value might be widely held but the
practical means to achieving it are not.
ChicagoLos	
  Angeles
Miami
New	
  York
Washington	
  DC
San	
  Francisco
Buenos	
  AiresSydney
Sao	
  Paulo
Toronto
Beijing
Shanghai
Bogota
Hong	
  Kong
Delhi Mumbai
Jakarta
Tel	
  Aviv
Nairobi
Kuala	
  Lumpur
GuadalajaraMexico	
  City
Casablanca
Lagos
Panama	
  City
Lima
Manila
Warsaw
Moscow
Singapore
Johannesburg
Seoul
Madrid
Taipei
Bangkok
Istanbul
Dubai
London
Ho	
  Chi	
  MinhDallas
St	
  Louis
Cleveland
Denver
Tampa/Jacksonville
35%
55%
75%
55% 75% 95%
NOTENOUGHAPPRENTICEPSHIPS/
INTERNSHIPS
APPRECENTIESHIPS/INTERNSHIPS CRITICAL FOR CAREER SUCCESS
Figure	
  8:	
  Importance	
  of	
  Apprenticeships	
  /	
  Internships	
  vs.	
  Perceived	
  Availability
AVERAGE
INTERNSHIPS CRITICAL
AVERAGE
NOT ENOUGH INTERNSHIPS
Note:	
  One	
  city	
  with	
  an	
  outlier	
  scores	
  was	
  not	
  included	
  in	
  the	
  chart	
  in	
  order	
  to	
  improve	
  legibility:	
  Tokyo	
  (54%	
  agree	
  apprenticeships/internships	
  are	
  critical	
  for	
  career	
  success,	
  33%	
  agree	
  
there	
  are	
  not	
  enough	
  internships	
  in	
  their	
  city).	
  
(%	
  strongly	
  /	
  somewhat	
  agree)
Q.	
  Do	
  you	
  agree	
  or	
  disagree	
  with	
  the	
  following	
  statements?	
  Apprenticeships	
  or	
  internships	
  are	
  critical	
  for	
  career	
  success
Q.	
  Do	
  you	
  agree	
  or	
  disagree	
  with	
  the	
  following	
  statements?	
  There	
  are	
  not	
  enough	
  apprenticeships	
  or	
  internships	
  in	
  my	
  city
Z—The	
  note	
  should	
  be	
  same	
  font	
  size	
  as	
  Question	
  wording.	
  
78%
60%
73%
56%
85%
65%
Apprenticeships/
Internships are
critical to my career
success
There are not enough
apprenticeships/
Internships in my city
FIGURE 7: PERCEPTIONS OF APPRENTICESHIPS / INTERNSHIPS
FIGURE 8: IMPORTANCE OF APPRENTICESHIPS / INTERNSHIPS VS. PERCEIVED AVAILABILITY
(% strongly / somewhat agree)
Q. Do you agree or disagree with the following statements?
Apprenticeships or internships are critical for career success
Q. Do you agree or disagree with the following statements? There are not enough
apprenticeships or internships in my city
Note: One city with an outlier scores was not included in the chart in order to improve legibility: Tokyo (54% agree apprenticeships/internships are critical for
career success, 33% agree there are not enough internships in their city).
Q. Do you agree or disagree with the following statements? Apprenticeships or internships are critical for career success
Q. Do you agree or disagree with the following statements? There are not enough apprenticeships or internships in my city
Total Developed Markets Developing Markets
(% strongly / somewhat agree)
75%
55%
35%
55% 75% 95%
New
11
The Small Business Gap:
YOUNG PEOPLE HAVE THE ENTREPRENEURIAL SPIRIT BUT CITE
MANY BARRIERS TO ACHIEVING THIS DREAM
The entrepreneurial spirit is strong in all of the surveyed cities, with seven
in ten (69%) of young people dreaming of starting their own business.
Additionally, 70% of young people say that owning their own business is
a better path to success than working for someone else. More than three
quarters of young people are willing to work long hours (76%) and think it’s
worth taking risks to achieve their dream (82%).
However, only 44% of young people are currently trying to start their own
business, and very few at present are actually entrepreneurs (6%).
Two thirds of young people (67%) see small businesses as the foundation
of the economy in their city. Despite this, a majority feel that new or small
businesses are not likely to succeed in their city (54%). Why is this the case?
69%
OF YOUNG PEOPLE SURVEYED
DREAM OF STARTING
THEIR OWN BUSINESS
12
FIGURE 9: ENTREPRENEURIAL ASPIRATIONS & CHALLENGES
FIGURE 10: ASPIRATIONS & CHALLENGES OF OWNING A BUSINESS
69
68
79
54
56
66
76
54
86
71
82
55
My dream is to open
my own business
Easier to start a
new business in my
parent’s time
Need more education/
skills before starting a
business
New or small
businesses are not
likely to succeed in
my city
The dream of opening a business is particularly pronounced
in the developing vs the developed markets (86% vs. 56%
respectively). However, as young people see it, there are real
barriers to opening a new business, and interestingly this view
is largely consistent across the developed and developing
markets. These barriers include the need for more skills and
education (79%), a belief that it is harder than in previous
times to start a business (68%) and, more specifically, the
concern that new businesses are not likely to succeed in their
city (54%). So young people have a strong entrepreneurial
spirit but agree that serious challenges exist to starting a
business.
Cities with the greatest entrepreneurial desire and perceived barriers include Jakarta, Mumbai, New
Delhi, Shanghai, Beijing, Mexico City, among others. It is interesting to note that, independent of the ease
of opening and maintaining a new business, young people in developing markets are more likely to hold
the dream of having their own business than their counterparts in developed markets.
Chicago
Los Angeles
Miami
New York
Washington DC
San Francisco
Buenos Aires
Sydney
Sao Paulo
Toronto
Beijing
Shanghai
Bogota
Hong Kong
Delhi
Mumbai
Jakarta
Tel Aviv
Tokyo
Nairobi
Kuala Lumpur
Guadalajara
Mexico City
Casablanca
Lagos
Panama City
Lima
Manila
Warsaw
Moscow
Singapore
Johannesburg
Seoul
MadridTaipei
Bangkok
Istanbul
Dubai
London
Ho Chi Minh
Dallas
St Louis
Cleveland
Denver
Tampa/Jax
30%
50%
70%
90%
30% 35% 40% 45% 50% 55% 60% 65% 70% 75% 80%
DREAMOFOWNINGOWNBUSINESS
NEW/SMALL BUSINESS NOT LIKELY TO SUCCEED
30% 35% 40% 45% 50% 55% 60% 65% 70% 75% 80%
30%
50%
70%
90%
Figure	
  10:	
  Aspirations	
  &	
  Challenges	
  of	
  Owning	
  a	
  Business
AVERAGE
SMALL BUSINESS NOT SUCCEED
AVERAGE
DREAM OF OWNING BUSINESS
(%	
  strongly	
  /	
  somewhat	
  agree)
Q.	
  Do	
  you	
  agree	
  or	
  disagree	
  with	
  the	
  following	
  statements?	
  New	
  or	
  small	
  businesses	
  are	
  not	
  likely	
  to	
  succeed	
  in	
  my	
  city
Q.	
  Do	
  you	
  agree	
  or	
  disagree	
  with	
  the	
  following	
  statements?	
  My	
  dream	
  is	
  to	
  own	
  my	
  own	
  business
(% strongly / somewhat agree)
(% strongly / somewhat agree)
Total Developed Markets Developing Markets
Q. Do you agree or disagree with the following statements?
Q. Do you agree or disagree with the following statements? New or small businesses are not likely to succeed in my city
Q. Do you agree or disagree with the following statements? My dream is to own my own business
New Delhi
Tokyo
13
Conclusion
We are left with a portrait of incredible optimism and potential amongst
young people despite numerous gaps between their expectations and hopes
and the reality of their situations. But this intricate mosaic is a frail one—at
risk of crumbling apart if we do not intervene and intervene early on.
We see that for these young people, large hurdles remain to access education
and decent work, work that will lead to economic stability not only for
themselves but for their families and for their communities. And while the
majority of young people surveyed are optimistic about their future, this
optimism is not necessarily supported by the actual prospects facing young
individuals, as trends show real incomes and economic security decreasing
or stalling throughout most cities.
The gaps between the desire to succeed, which is real and shared among
these young people, and the knowledge and opportunity of how to succeed,
remain open for a generation that is experiencing far less economic growth
than generations prior. Our duty is to help these young people find the path
to progress and help connect them with the opportunities to succeed. The
need is as urgent and pressing as ever.
14
Methodology
These are the findings from a study conducted by Ipsos on behalf of the Citi
Foundation. The survey was conducted online between November 2016 and
January 2017 among 6,894 respondents, age 18-24 years old in 45 cities around
the globe. Approximately 150 interviews were conducted in each city. Data was
weighted to the local adult population of 18-24 year olds on gender, age, and
household income. In the US, race/ethnicity was also included in the weighting
scheme. Five hundred young people age 18-24 were interviewed across the
United States to provide a national view of this population.
The precision of Ipsos online polls are calculated using a credibility interval.
A poll of 1,000 interviews is accurate to +/- 3.1 percentage points; a poll of 500
interviews to +/- 4.5; and a poll of 150 interviews to +/- 9.1. For more information
on the Ipsos use of credibility intervals, please visit the Ipsos website.
MARKETS
Developed: 56%
Developing: 44%
INCOME
Earn more than the city median income: 52%
Earn less than the city median income: 48%
AGE
18-21: 54%
22-24: 46%
GENDER
Male: 51%
Female: 49%
EDUCATION
Parents of the youth surveyed without a formal degree: 48%
Young people surveyed that are not currently studying or are not university graduates: 31%
FIGURE 11: SAMPLE DETAILS
15
NORTH AMERICA
LATIN AMERICA
EUROPE
AFRICA & THE MIDDLE EAST
ASIA-PACIFIC
Chicago
Cleveland
Dallas
Denver
Los Angeles
Miami
New York City
San Francisco
St. Louis
Tampa/Jacksonville
Toronto
Washington, D.C.
Bogotá
Buenos Aires
Guadalajara
Lima
Mexico City
Panama City
São Paulo
Istanbul
London
Madrid
Moscow
Warsaw
Casablanca
Dubai
Johannesburg
Lagos
Nairobi
Tel Aviv
Bangkok
Beijing
New Delhi
Ho Chi Minh
Hong Kong
Jakarta
Kuala Lumpur
Manila
Mumbai
Seoul
Shanghai
Singapore
Sydney
Taipei
Tokyo
Developed
Developed
Developed
Developed
Developed
Developed
Developed
Developed
Developed
Developed
Developed
Developed
Developing
Developing
Developing
Developing
Developing
Developing
Developing
Developed
Developed
Developed
Developed
Developed
Developing
Developed
Developing
Developing
Developing
Developed
Developing
Developing
Developing
Developing
Developed
Developing
Developing
Developing
Developing
Developed
Developing
Developed
Developed
Developed
Developed
REGION CITY MARKET TYPE
FIGURE 12: CITIES INCLUDED IN THE SURVEY
16
References
CIA World Factbook (2016). Retrieved January 23, 2017, from https://www.	
cia.gov/library/publications/the-world-factbook/fields/2010.html
International Labour Organization (2016). World Employment Social 		
Outlook: Trends for Youth 2016. Retrieved from http://www.ilo.org
Chetty, R., Stepner, M., & Abraham, S. (2016). The Association Between 	
Income and Life Expectancy in the United States, 2001-2014. Journal 	
of American Medical Association, 315(16), 1750–1766. doi:10.1001/		
jama.2016.4226
Usher, A., Medow, J. (2010). Global Higher Education Rankings 2010.
Seibert, S. E., Kraimer, M. L., & Liden, R. C. (2001). A Social Capital Theory 	
Of Career Success. Academy of Management Journal, 44(2), 219-237. 		
doi:10.2307/3069452
17
Citi Foundation
© Ipsos 2017
Citi, Citi with Arc Design and Citibank are trademarks and
servicemarks of Citigroup Inc. (and its affiliates) and are used
and registered throughout the world.
While every effort has been taken to verify the accuracy of
this information, neither Ipsos nor Citi or the Citi Foundation
can accept any responsibility or liability for reliance by any
person on this report or any of the information, opinions or
conclusions set out in the report.

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Ipsos Comcon: глобальное исследование молодежи - 2017

  • 1. Citi Foundation Economic Prospects & Expectations Based on research and analysis by: PATHWAYS TO PROGRESS GLOBAL YOUTH SURVEY 2017
  • 2. Pathways to Progress Young people today make up the largest youth population in history. Their successes and struggles are as diverse as their personalities and aspirations. However, in all corners of the globe, this generation faces a common challenge: persistent youth unemployment. Left unaddressed, the consequences reverberate across our cities. When young people don’t see or have a sustainable economic path, our families and communities also suffer. In fact, the futures of cities are intrinsically tied to the economic success of young people. We know, however, that young people remain optimistic, entrepreneurial, and have expectations for what they need to succeed. We wanted to capture these drivers and learn how municipal leaders, civil society, the private sector, and others can work together to bridge the gap between the economic aspirations and reality of young people. Young people believe in a brighter future and it is up to us to afford them that opportunity. That’s why the Citi Foundation commissioned a survey with Ipsos to build on existing research and further gauge the economic prospects and pursuits of young people in 45 cities across 32 countries around the world. The results in this paper are based on the voices of more than 7,000 young people surveyed. We learned about what careers they want to pursue, the availability of resources that help connect them to employment opportunities, and the obstacles that stand in their way. This research is part of the Citi Foundation’s Pathways to Progress initiative, designed to boost the employability of young people, ages 16-24, around the globe. In February 2017, we announced an expanded three-year commitment to invest $100 million to connect 500,000 young people globally to opportunities that set them on a path towards economic success. Through entrepreneurship training, mentorship, leadership development, and a first job, we are working with leading community organizations and municipal leaders around the world to help make today’s young people the most employable generation yet. Together, we are helping test, scale and replicate proven solutions, as well as taking learnings from our work in the United States and applying it globally where appropriate. With a rapidly changing and complex economic and social environment, these insights will help guide our approach to investing in our future leaders. We hope it will help inform your work too. Brandee McHale President, Citi Foundation
  • 3. Young people in this changing world We live in a time full of opportunities and uncertainties. These rapid changes present a challenging new landscape for today’s young people to navigate. Young people (defined as 16-24 year olds) are a significant population representing about 1.2 billion people and 16% of the world’s population1 . They are the largest single generation in human history and face unprecedented technological, social and economic changes. Young people have the opportunity to shape the next five decades, but they need help to overcome barriers and realize their full potential. Globally, unemployment among young people is stubbornly high at more than 13%. More alarming is the number of employed young people—156 million­­—who live in extreme or moderate poverty despite having a job, often in emerging and developing countries2 . In this environment, young people need an agile and versatile skill set to compete for meaningful employment opportunities, thus ensuring their individual economic well-being and also contributing to the overall strength and success of their communities. For this young demographic, large hurdles exist such as poor access to education, few opportunities for on-the-job training and limited numbers of well-paying jobs, particularly among low-income young people. 1. CIA World Factbook, 2016 2. International Labour Organization, 2016 1
  • 4. Our research shows that young people across the globe are overwhelmingly optimistic about their future. A fundamental question is how to capitalize on this optimism and best prepare young people to take advantage of future opportunities that will lead them towards economic success. To investigate this, we ask two central questions in this paper: • How are young people preparing for their future? —— In terms of where they live? The types of careers they pursue? Their education? The importance of practical experience through internships and apprenticeships? Their desire to have their own business? • And what barriers do they face when preparing for their future careers? —— Central here is what impediments or gaps exist that would hinder young people’s preparation for their future? To address these questions, the Citi Foundation commissioned Ipsos to conduct this research. The survey was conducted online between November 2016 and January 2017 among more than 7,000 young people age 18-24 in 45 cities around the globe. Approximately 150 interviews were conducted in each city. Data was weighted to the local adult population of 18-24 year olds on gender, age, and household income. In the U.S., race/ethnicity was also included in the weighting scheme. Five hundred young people age 18-24 were interviewed across the United States to provide a national view of this population. This analysis was conducted by the Public Polling unit of Ipsos Public Affairs led by Clifford Young, PhD. Secondary data from other sources, where relevant, is used to synthesize this analysis. Developed Markets: Chicago, Cleveland, Dallas, Denver, Dubai, Hong Kong, Istanbul, London, Los Angeles, Madrid, Miami, Moscow, New York, San Francisco, Seoul, Singapore, St. Louis, Sydney, Taipei, Tampa/Jacksonville, Tel Aviv, Tokyo, Toronto, Warsaw, Washington D.C. Developing Markets: Bangkok, Beijing, Bogotá, Buenos Aires, Casablanca, Guadalajara, Ho Chi Minh, Jakarta, Johannesburg, Kuala Lumpur, Lagos, Lima, Manila, Mexico City, Mumbai, Nairobi, New Delhi, Panama City, São Paulo, Shanghai 7,394YOUNG PEOPLE 18-24YEARS OF AGE 45CITIES 32COUNTRIES 2
  • 5. 3. Chetty, Stepner & Abraham, 2016 The Optimism Gap: YOUNG PEOPLE ARE OPTIMISTIC DESPITE UNCERTAINTY AND CHANGE ACROSS THE GLOBE Where a young person lives and works drives much of the direction of his or her life. Many studies have shown that geography signicantly affects health, life expectancy, education, income, security, and overall happiness with large urban areas outperforming rural and peripheral regions3 . The old adage, ‘Location, Location, Location,’ also applies to determining life outlook. As such, it is not surprising that these young people from large global cities—which are the economic engines of their respective countries—are very optimistic about their future career opportunities. In fact, 70% of young people surveyed say they have many opportunities to succeed in their preferred career. This optimism holds true despite the changing global political and economic landscapes—from the intensifying global refugee crisis, to the recent ‘Brexit’ vote in the United Kingdom, to the recent U.S. presidential election. These events undoubtedly leave a mark on young people, however, they remain optimistic. Interestingly, we see a higher level of optimism amongst young people in developing cities compared to developed cities. Eight in ten (79%) young people in developing markets believe they will find opportunities to succeed in their preferred career as compared to 64% of their counterparts in developed markets. 70% OF YOUNG PEOPLE SURVEYED SAY THEY HAVE MANY OPPORTUNITIES TO SUCCEED IN THEIR PREFERRED CAREER 3
  • 6. What is the basis for this optimism? Most of these young people believe that they are better off than their parents were at their age, in several different areas. More than three-quarters say they are doing better relative to their parents at their age in terms of their ability to get an education (83%), their ability to achieve their professional goals (78%), their access to quality health care (77%), and their opportunities for professional success (77%). Interestingly, youth are far less optimistic about their ability to afford a home (57%) relative to their parents at their age. This is particularly apparent in developed markets, where fewer than half (48%) say they are optimistic in their ability to afford a home, perhaps reflecting the lingering impact of the 2008 financial crisis and also the high costs of city-living. Given the unprecedented urban growth in recent decades, many parents likely lived in less expensive rural areas when they were young. Their sense that their opportunities are better than those of their parents is particularly pronounced when we examine young people’s attitudes in developing (more optimistic) vs. developed (relatively less optimistic) markets. Young people in developing markets rate their position relative to their parents consistently higher than their counterparts in developed markets. Young people from cities in developing markets like Mumbai (95%), Delhi (93%), Jakarta (92%), Manila (92%) and Panama City (91%) are the most likely to feel their opportunities for professional success are better than their parents. Young people from developed markets like London (58%), Taipei (57%), Tokyo (54%), Seoul (51%) and Madrid (48%) are least likely to feel this way. Q. How would you rate how you are doing relative to your parents when they were your age on the following...? Ability to get an education Ability to achieve professional goals Access to quality health care Opportunities for professional success Ability to afford a home 83% 79% 89% 78% 71% 87% 77% 77% 57% 84% 71% 70% 72% 85% 48% (% Much / Somewhat Better Off) Total Developed Markets Developing Markets FIGURE 1: HOW ARE YOU DOING RELATIVE TO YOUR PARENTS WHEN THEY WERE YOUR AGE? 4
  • 7. The Opportunity Gap: YOUNG PEOPLE BELIEVE IN THEIR OPPORTUNITIES FOR FUTURE CAREER SUCCESS; HOWEVER, DISCONNECTS EXIST There are significant disconnects between the careers young people want and the ones they are currently working in—55% of those who are currently working are employed in an industry they don’t aspire to be in—and interestingly this is consistent across developed and developing markets. Yet, as previously noted, when asked if they will find opportunities to succeed in their desired field, 70% believe they will. So what is this mismatch, what are young people doing and what do they want to be doing? 55% OF YOUNG PEOPLE SURVEYED CURRENTLY WORK IN AN INDUSTRY THAT THEY DON’T ASPIRE TO BE IN 5
  • 8. A closer look at the technology/science sector illustrates the mismatch facing these young peoples’ reality vs. expectation. Although 20% of these young people would like to work in the technology/science sector, only 12% of workers are currently in that field. The top cities with this mismatch are: Tel Aviv, Shanghai, Buenos Aires and Panama City. Across all regions of the world, the top three professions young people aspire to work in are: technology/science, arts/ entertainment, and professional activities. One in five (20%) young people express the desire to work in technology/science, outstripping any other field. However, currently the top profession young people are working in is sales/retail (17%). 5% 11% 9% 11% 6% 10% 4% 8% 7% 7% 4% 7% 17% 6% 12% 6% 8% 5% 3% 2% 20% TECHNOLOGY ORSCIENCE ARTSOR ENTERTAINMENT PROFESSIONAL ACTIVITIES HEALTH CARE GOVERNMENT EDUCATION INTERNET STARTUP SALES ORRETAIL SERVICE CONSTRUCTION ORMANUFACTURING TRANSPORTATION TEL AVIV BUENOS AIRES SHANGHAI PANAMA CITY GUADALAJARA BOGOTÁ CASABLANCA NAIROBI 39% 36% 43% 23% 33% 31% 37% 38% -27 -20 -20 -17 -15 -15 -15 -15 TECHNOLOGY / SCIENCE PREFERRED CAREER CURRENT VS. PREFERRED Current Career Preferred Career 12% 16% 23% 6% 18% 16% 22% 23% CURRENT CAREER FIGURE 2: CURRENT CAREER VS. PREFERRED CAREER FIGURE 3: TECHNOLOGY/SCIENCE CURRENT VS. PREFERRED CAREER: CITIES WITH THE LARGEST MISMATCH 12% Q. What type of work do you do? If you work for more than one organization, think of your main employer. Q. What field would you most like to have a career in? Q. What type of work do you do? If you work for more than one organization, think of your main employer. Q. What field would you most like to have a career in? 6
  • 9. Young people believe a wide range of factors would help them find a job that is in line with their career aspirations. The most cited needs are more on-the-job experience (48%) followed by more professional connections (41%) and more social connections (35%), which are consistent across developed and developing markets. Perhaps this “opportunity gap” is a motivating factor behind the mobility of young people. A quarter (24%) of young people surveyed have moved within the last 5 years, citing more or better education opportunities (40%) and more work opportunities (36%) as the reasons for moving. On-the-job experience More professional connections More social connections The right education More jobs in my city More jobs in my occupation If I knew where to learn about job opportunities 48% 41% 35% 33% 33% 31% 27% DEVELOPED MARKETS 47% 42% 36% 34% 35% 32% 30% 50% 39% 35% 32% 31% 29% 24% DEVELOPING MARKETS FIGURE 4: WHAT WOULD MAKE IT EASIER TO FIND A JOB? TOTAL DEVELOPED MARKETS DEVELOPING MARKETS Q. What would make it easier to find a job / employment? 7
  • 10. The Higher Education Gap: AN IMPORTANT KEY TO SUCCESS YET OUT OF REACH FOR MANY Globally, 67% of young people believe that a university education is needed to be successful. However, seven in ten (69%) see education as beyond their financial means. These perceptions are grounded in reality. In the U.S., the average cost of higher education per year is more than half the median household income (US$ 33,620 v.$56,516). In Japan, it is about half (US$11,865 v. $22,790), and, in Mexico, it is close to 100% of the average household income (US$4,615 v. $5,077)4 . 67% OF YOUNG PEOPLE SURVEYED BELIEVE THAT COLLEGE IS NECESSARY TO BE SUCCESSFUL 4. Usher and Medow, 2010 8
  • 11. The number of young people who see higher education as unaffordable is not equally distributed across the world. Young people in developing cities are much more likely to feel an education is beyond their financial means. In cities like São Paulo, New Delhi, Mumbai and Manila, young people view a university degree as critical for success but also see education as beyond their financial means. In contrast, in cities such as Buenos Aires, Los Angeles, San Francisco and Bangkok, a university education is highly valued, but is less likely to be viewed as beyond their financial means. Ultimately, education is seen as essential by a majority of young people. But it is both perceived and actually is beyond the means of many young people. This inequality of educational opportunity is especially acute in cities in developing countries. Bangkok Beijing Bogota Buenos  Aires Casablanca Chicago Cleveland Dallas Delhi Denver Dubai Guadalajara Ho  Chi  Minh Hong  Kong Istanbul Jakarta Johannesburg Kuala  Lumpur Lagos Lima Los  Angeles Madrid Manila Mexico  City Miami Moscow Mumbai New  York  City Panama  City San  Francisco Sao  Paulo Seoul Shanghai Singapore St.  Louis Sydney Taipei Tampa/Jacksonville Tel  Aviv Tokyo Toronto Washington  DC 50% 70% 90% 50% 70% 90% NEED DEGREE TO BE SUCCESSFUL EDUCATIONISBEYONDMEANS AVERAGE NEEDDEGREE AVERAGE EDUCATION BEYOND MEANS Figure  6:  Perceived  Necessity  of  University  Education  vs.  Perception  Education  Is  Beyond  Means Note:  Three  cities  with  outlier  scores  are  not  included  in  the  chart,  in  order  to  improve  legibility:  Nairobi  (38%  agree  university  education  is  needed  to  be  successful,  78%  education  is   beyond  means);  London  (49%,  50%);  and  Warsaw  (48%,  50%). Q.  Do  you  agree  or  disagree  with  the  following  statements?  You  need  a  university  education  to  be  successful Q.  Do  you  agree  or  disagree  with  the  following  statements?  The  education  I  want  to  achieve  is  beyond  my  financial  means   (%  strongly  /  somewhat  agree) Z—The  note  should  be  same  font  size  as  Question  wor Total 69% Developed Markets 64% Developing Markets 77% FIGURE 5: THE EDUCATION I WANT TO ACHIEVE IS BEYOND MY FINANCIAL MEANS (% Strongly / Somewhat Agree) FIGURE 6: PERCEIVED NECESSITY OF UNIVERSITY EDUCATION VS. PERCEPTION EDUCATION IS BEYOND MEANS (% Strongly / Somewhat Agree) Q. Do you agree or disagree with the following statement? The education I want to achieve is beyong my financial means Note: Three cities with outlier scores are not included in the chart, in order to improve legibility: Nairobi (38% agree university education is needed to be successful, 78% education is beyond means); London (49%, 50%); and Warsaw (48%, 50%). Q. Do you agree or disagree with the following statements? You need a university education to be successful Q. Do you agree or disagree with the following statements? The education I want to achieve is beyond my financial means New 9
  • 12. The Experience Gap: INTERNSHIPS AND APPRENTICESHIPS ARE SEEN AS CRITICAL FOR SUCCESS BUT YOUNG PEOPLE DON’T BELIEVE THERE ARE ENOUGH OPPORTUNITIES While education is very important, young people don’t believe that it is the only component in achieving success. Others factors are at play. Social scientists see “social capital” as essential in advancing in one’s career- building strong communities and combating social ills5 . How do young people forge such bonds of trust and experience? The short answer is through internships and apprenticeships. Eight in ten young people (78%) agree that apprenticeships and internships are critical to their career success. This sentiment varies across region, from a high of 81% in Latin America to a low of 75% in both North America and Europe. However, as strong as this value might be, the majority of young people (60%) don’t feel that there are enough internships and apprenticeships in their city. Simply put, there is a mismatch between the demand for such opportunities and the supply of them. 78% OF YOUNG PEOPLE SURVEYED AGREED THAT APPRENTICESHIPS AND INTERNSHIPS ARE CRITICAL 5. Seibert, Kraimer & Liden, 2001 10
  • 13. Interestingly, like jobs and education, access to apprenticeships and internships is not equally distributed. The developing markets show an even greater lack of opportunities for apprenticeships/internships. The cities where the lack of opportunities are greatest include: Mumbai (78%), Nairobi (78%), Manila (77%), Panama City (77%), New Delhi (76%) and Lima (75%), among others. In contrast, cities in developed countries do not show a large deficit. Again, the value might be widely held but the practical means to achieving it are not. ChicagoLos  Angeles Miami New  York Washington  DC San  Francisco Buenos  AiresSydney Sao  Paulo Toronto Beijing Shanghai Bogota Hong  Kong Delhi Mumbai Jakarta Tel  Aviv Nairobi Kuala  Lumpur GuadalajaraMexico  City Casablanca Lagos Panama  City Lima Manila Warsaw Moscow Singapore Johannesburg Seoul Madrid Taipei Bangkok Istanbul Dubai London Ho  Chi  MinhDallas St  Louis Cleveland Denver Tampa/Jacksonville 35% 55% 75% 55% 75% 95% NOTENOUGHAPPRENTICEPSHIPS/ INTERNSHIPS APPRECENTIESHIPS/INTERNSHIPS CRITICAL FOR CAREER SUCCESS Figure  8:  Importance  of  Apprenticeships  /  Internships  vs.  Perceived  Availability AVERAGE INTERNSHIPS CRITICAL AVERAGE NOT ENOUGH INTERNSHIPS Note:  One  city  with  an  outlier  scores  was  not  included  in  the  chart  in  order  to  improve  legibility:  Tokyo  (54%  agree  apprenticeships/internships  are  critical  for  career  success,  33%  agree   there  are  not  enough  internships  in  their  city).   (%  strongly  /  somewhat  agree) Q.  Do  you  agree  or  disagree  with  the  following  statements?  Apprenticeships  or  internships  are  critical  for  career  success Q.  Do  you  agree  or  disagree  with  the  following  statements?  There  are  not  enough  apprenticeships  or  internships  in  my  city Z—The  note  should  be  same  font  size  as  Question  wording.   78% 60% 73% 56% 85% 65% Apprenticeships/ Internships are critical to my career success There are not enough apprenticeships/ Internships in my city FIGURE 7: PERCEPTIONS OF APPRENTICESHIPS / INTERNSHIPS FIGURE 8: IMPORTANCE OF APPRENTICESHIPS / INTERNSHIPS VS. PERCEIVED AVAILABILITY (% strongly / somewhat agree) Q. Do you agree or disagree with the following statements? Apprenticeships or internships are critical for career success Q. Do you agree or disagree with the following statements? There are not enough apprenticeships or internships in my city Note: One city with an outlier scores was not included in the chart in order to improve legibility: Tokyo (54% agree apprenticeships/internships are critical for career success, 33% agree there are not enough internships in their city). Q. Do you agree or disagree with the following statements? Apprenticeships or internships are critical for career success Q. Do you agree or disagree with the following statements? There are not enough apprenticeships or internships in my city Total Developed Markets Developing Markets (% strongly / somewhat agree) 75% 55% 35% 55% 75% 95% New 11
  • 14. The Small Business Gap: YOUNG PEOPLE HAVE THE ENTREPRENEURIAL SPIRIT BUT CITE MANY BARRIERS TO ACHIEVING THIS DREAM The entrepreneurial spirit is strong in all of the surveyed cities, with seven in ten (69%) of young people dreaming of starting their own business. Additionally, 70% of young people say that owning their own business is a better path to success than working for someone else. More than three quarters of young people are willing to work long hours (76%) and think it’s worth taking risks to achieve their dream (82%). However, only 44% of young people are currently trying to start their own business, and very few at present are actually entrepreneurs (6%). Two thirds of young people (67%) see small businesses as the foundation of the economy in their city. Despite this, a majority feel that new or small businesses are not likely to succeed in their city (54%). Why is this the case? 69% OF YOUNG PEOPLE SURVEYED DREAM OF STARTING THEIR OWN BUSINESS 12
  • 15. FIGURE 9: ENTREPRENEURIAL ASPIRATIONS & CHALLENGES FIGURE 10: ASPIRATIONS & CHALLENGES OF OWNING A BUSINESS 69 68 79 54 56 66 76 54 86 71 82 55 My dream is to open my own business Easier to start a new business in my parent’s time Need more education/ skills before starting a business New or small businesses are not likely to succeed in my city The dream of opening a business is particularly pronounced in the developing vs the developed markets (86% vs. 56% respectively). However, as young people see it, there are real barriers to opening a new business, and interestingly this view is largely consistent across the developed and developing markets. These barriers include the need for more skills and education (79%), a belief that it is harder than in previous times to start a business (68%) and, more specifically, the concern that new businesses are not likely to succeed in their city (54%). So young people have a strong entrepreneurial spirit but agree that serious challenges exist to starting a business. Cities with the greatest entrepreneurial desire and perceived barriers include Jakarta, Mumbai, New Delhi, Shanghai, Beijing, Mexico City, among others. It is interesting to note that, independent of the ease of opening and maintaining a new business, young people in developing markets are more likely to hold the dream of having their own business than their counterparts in developed markets. Chicago Los Angeles Miami New York Washington DC San Francisco Buenos Aires Sydney Sao Paulo Toronto Beijing Shanghai Bogota Hong Kong Delhi Mumbai Jakarta Tel Aviv Tokyo Nairobi Kuala Lumpur Guadalajara Mexico City Casablanca Lagos Panama City Lima Manila Warsaw Moscow Singapore Johannesburg Seoul MadridTaipei Bangkok Istanbul Dubai London Ho Chi Minh Dallas St Louis Cleveland Denver Tampa/Jax 30% 50% 70% 90% 30% 35% 40% 45% 50% 55% 60% 65% 70% 75% 80% DREAMOFOWNINGOWNBUSINESS NEW/SMALL BUSINESS NOT LIKELY TO SUCCEED 30% 35% 40% 45% 50% 55% 60% 65% 70% 75% 80% 30% 50% 70% 90% Figure  10:  Aspirations  &  Challenges  of  Owning  a  Business AVERAGE SMALL BUSINESS NOT SUCCEED AVERAGE DREAM OF OWNING BUSINESS (%  strongly  /  somewhat  agree) Q.  Do  you  agree  or  disagree  with  the  following  statements?  New  or  small  businesses  are  not  likely  to  succeed  in  my  city Q.  Do  you  agree  or  disagree  with  the  following  statements?  My  dream  is  to  own  my  own  business (% strongly / somewhat agree) (% strongly / somewhat agree) Total Developed Markets Developing Markets Q. Do you agree or disagree with the following statements? Q. Do you agree or disagree with the following statements? New or small businesses are not likely to succeed in my city Q. Do you agree or disagree with the following statements? My dream is to own my own business New Delhi Tokyo 13
  • 16. Conclusion We are left with a portrait of incredible optimism and potential amongst young people despite numerous gaps between their expectations and hopes and the reality of their situations. But this intricate mosaic is a frail one—at risk of crumbling apart if we do not intervene and intervene early on. We see that for these young people, large hurdles remain to access education and decent work, work that will lead to economic stability not only for themselves but for their families and for their communities. And while the majority of young people surveyed are optimistic about their future, this optimism is not necessarily supported by the actual prospects facing young individuals, as trends show real incomes and economic security decreasing or stalling throughout most cities. The gaps between the desire to succeed, which is real and shared among these young people, and the knowledge and opportunity of how to succeed, remain open for a generation that is experiencing far less economic growth than generations prior. Our duty is to help these young people find the path to progress and help connect them with the opportunities to succeed. The need is as urgent and pressing as ever. 14
  • 17. Methodology These are the findings from a study conducted by Ipsos on behalf of the Citi Foundation. The survey was conducted online between November 2016 and January 2017 among 6,894 respondents, age 18-24 years old in 45 cities around the globe. Approximately 150 interviews were conducted in each city. Data was weighted to the local adult population of 18-24 year olds on gender, age, and household income. In the US, race/ethnicity was also included in the weighting scheme. Five hundred young people age 18-24 were interviewed across the United States to provide a national view of this population. The precision of Ipsos online polls are calculated using a credibility interval. A poll of 1,000 interviews is accurate to +/- 3.1 percentage points; a poll of 500 interviews to +/- 4.5; and a poll of 150 interviews to +/- 9.1. For more information on the Ipsos use of credibility intervals, please visit the Ipsos website. MARKETS Developed: 56% Developing: 44% INCOME Earn more than the city median income: 52% Earn less than the city median income: 48% AGE 18-21: 54% 22-24: 46% GENDER Male: 51% Female: 49% EDUCATION Parents of the youth surveyed without a formal degree: 48% Young people surveyed that are not currently studying or are not university graduates: 31% FIGURE 11: SAMPLE DETAILS 15
  • 18. NORTH AMERICA LATIN AMERICA EUROPE AFRICA & THE MIDDLE EAST ASIA-PACIFIC Chicago Cleveland Dallas Denver Los Angeles Miami New York City San Francisco St. Louis Tampa/Jacksonville Toronto Washington, D.C. Bogotá Buenos Aires Guadalajara Lima Mexico City Panama City São Paulo Istanbul London Madrid Moscow Warsaw Casablanca Dubai Johannesburg Lagos Nairobi Tel Aviv Bangkok Beijing New Delhi Ho Chi Minh Hong Kong Jakarta Kuala Lumpur Manila Mumbai Seoul Shanghai Singapore Sydney Taipei Tokyo Developed Developed Developed Developed Developed Developed Developed Developed Developed Developed Developed Developed Developing Developing Developing Developing Developing Developing Developing Developed Developed Developed Developed Developed Developing Developed Developing Developing Developing Developed Developing Developing Developing Developing Developed Developing Developing Developing Developing Developed Developing Developed Developed Developed Developed REGION CITY MARKET TYPE FIGURE 12: CITIES INCLUDED IN THE SURVEY 16
  • 19. References CIA World Factbook (2016). Retrieved January 23, 2017, from https://www. cia.gov/library/publications/the-world-factbook/fields/2010.html International Labour Organization (2016). World Employment Social Outlook: Trends for Youth 2016. Retrieved from http://www.ilo.org Chetty, R., Stepner, M., & Abraham, S. (2016). The Association Between Income and Life Expectancy in the United States, 2001-2014. Journal of American Medical Association, 315(16), 1750–1766. doi:10.1001/ jama.2016.4226 Usher, A., Medow, J. (2010). Global Higher Education Rankings 2010. Seibert, S. E., Kraimer, M. L., & Liden, R. C. (2001). A Social Capital Theory Of Career Success. Academy of Management Journal, 44(2), 219-237. doi:10.2307/3069452 17
  • 20. Citi Foundation © Ipsos 2017 Citi, Citi with Arc Design and Citibank are trademarks and servicemarks of Citigroup Inc. (and its affiliates) and are used and registered throughout the world. While every effort has been taken to verify the accuracy of this information, neither Ipsos nor Citi or the Citi Foundation can accept any responsibility or liability for reliance by any person on this report or any of the information, opinions or conclusions set out in the report.