Since their arrival in the 80s and 90s, Generation Y has grown up in a globally aware society and has seen more of the world than any generation before, both through direct travel and on their televisions, smart phones and tablets. Naturally, they have become a cohort curious to explore and experience life in another culture, whether through extended travel or more long term relocation. These Millennials are more inquisitive and adventurous than their parents and more aware of the advantages of moving abroad.
The generation with the world at its fingertips
Generation Y are the first to grow up in a society in which global travel is the norm, the internet is ubiquitous and news and media covers every country in the world. They have not experienced the hardships and conflict of their parents and grandparents and subsequently have few constraints on their ambition and vision. This environment has fostered a generation that typically do not see borders as barriers and have an insatiable interest in the world around them.
A Global Job Market
This generation came of age at a time of financial turbulence and uncertain work prospects. For many, this simply meant an opportunity to broaden their horizons and look further afield for that decisive career move. Savvy employers are looking outside their native talent pool to boost their workforce and so it is no surprise that, in a recent survey, 93% of Millennials said that they expect to work abroad at some point in their careers. 85% would even consider moving to a country they had never visited if required to for work, particularly important as new economies such as Brazil, Russia, India and China continue to grow and thrive.
Where are Generation Y Moving to?
Australia and the US still top the list of destinations for young Britons moving abroad, with their enticing combination of diverse job opportunities, modern infrastructure and an English speaking population. However, expat numbers in Canada, South Africa and the UAE continue to rise and emerging markets are beginning to entice more and more Millenials. There are now almost 40,000 Brits living in China and over 11,000 in Brazil, all enjoying an exciting new life in these flourishing destinations.
A Generation Working to Live
As with previous generations, Millennials are aware of the need to work in order to support themselves, yet many aspire to more than just high salaries. They want fulfilling, rewarding lives and international relocation can offer not only a rich, exciting, change of scene but also a better work-life balance. With the world at the feet and the chance to improve their quality of life, it is their aspiration and ambition that will keep Generation Y moving abroad.