Thursday 29 September 2022

Half of “Millennials” In Costa Rica Lacks College And Earns About $750 Monthly

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29 September 2022 - At The Banks - BCCR

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15% of millenials in Costa Rica are unemployed
15% of millenials in Costa Rica are unemployed

QCOSTARICA – Half of millennials in Costa Rica do not have a higher education, earn an average monthly salary of ¢405,000 colones and 15% are unemployed.

This, according to analysis of the data from the Continuous Employment Survey of the National Institute of Statistics and Census ( Encuesta Continua de Empleo del Instituto Nacional de Estadística y Censos – INEC) for the last quarter of 2015.

Millennials, also known as Generation Y,  are the demographic cohort following Generation X. There are no precise dates for when the generation starts and ends; most researchers and commentators use birth years ranging from the early 1980s to the early 2000s.  They are characterized by practically been born with the rise of mobile technologies, are lovers of immediacy and prefer flexibility working hours.

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In Costa Rica there are 1,775,090 millennials.

There are some millennials in Costa Rica

Deloitte Consulting manager, Cristina Cubero, says that this generation is characterized by the constant changes in jobs as they look to companies that give them constant learning.

A Deloitte study this year revealed that 66% of millennials from 29 countries expected to leave their current company by 2020.

In the case of Costa Rica, 15% of this generation are looking to change their current job.

According to the INEC, 15% of millennials are currently unemployed, and of the permanently employed, 8% are self-employed.

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