ARTICLE
2 December 2019

Survey Scope

Da
Duff and Phelps

Contributor

Duff and Phelps logo
Duff & Phelps is the global advisor that protects, restores and maximizes value for clients in the areas of valuation, corporate finance, investigations, disputes, cyber security, compliance and regulatory matters, and other governance-related issues. We work with clients across diverse sectors, mitigating risk to assets, operations and people. With Kroll, a division of Duff & Phelps since 2018, our firm has nearly 3,500 professionals in 28 countriesaround the world.
Overall, our response rate was highly diverse across multiple factors.
United States Strategy
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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.

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ARTICLE
2 December 2019

Survey Scope

United States Strategy

Contributor

Duff and Phelps logo
Duff & Phelps is the global advisor that protects, restores and maximizes value for clients in the areas of valuation, corporate finance, investigations, disputes, cyber security, compliance and regulatory matters, and other governance-related issues. We work with clients across diverse sectors, mitigating risk to assets, operations and people. With Kroll, a division of Duff & Phelps since 2018, our firm has nearly 3,500 professionals in 28 countriesaround the world.
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