Gen Z have killed the grind. They’re opting for a better work-life balance and more meaningful jobs – with this sometimes trumping salary increases or job security.
In 2030, Gen Z will make up 30% of the workforce. Companies need to keep this in mind when deciding their working practices, as Gen Z have different expectations of what it means to be an employee.
Gone are the days of the rigid 9-5. Instead, Gen Z are working where and when they want – with purpose in mind.
Killing the economy?
According to the social conversation, Gen Z’s money management skills aren’t great: they’re killing their finances. But they’ve had a rough start to their financial lives as adults. And with the cost of living and house prices at an all-time high, it’s not the easiest economic landscape to navigate as a young person.
From cashless payments to online banking, Zoomers have grown up with instant access to their finances. And with instant access comes fewer barriers to purchasing – meaning buying is easier than ever. Stores are basically in their pockets, but this doesn’t necessarily mean they’re making bad money decisions.
According to Forbes, Gen Z are one of the most debt-averse generations yet – but they also scored the lowest when it comes to financial literacy.
That being said, Zoomers have their hopes set high. Gen Z’s biggest goal in 2023 is to increase their income. Almost 70% are saving money, and half have a homeownership-related goal for 2023.