Millennials

Australian millennials increasingly think big businesses and politicians do more harm than good, a new survey has found.

The annual Deloitte survey of Generation Y, roughly defined as those born between 1983 and 1994, found they were increasingly sceptical of politics but surprisingly more personally optimistic than last year.

Of the 337 Australian millennials surveyed, only 45% believed business had a positive impact on society, down from 72% last year. Almost half – 44% – believed businesses behaved ethically, down from 54%.

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The scorecard for politicians was even worse – 63% of Australian millennials believed politicians have a negative impact on society. Only 23% said they had a positive impact.

But compared to last year, Australians were much more optimistic about their personal futures, when measuring against their baby boomer parents.

More than a third (39%) believed they would be better off than their parents, and 35% said they would be happier. While this was still below the global average (51% and 41% respectively), it was a huge upturn from last year, when only…