Inflation is the top problem Gen Z and Millennials name as the biggest they are facing today. Over-dependence and addiction to technology ranked second as the top problem among young people for the first time. However, racism and COVID-19 are still top concerns for these gens.
Work is the biggest cause of stress for millennials, while relationships and breakups are the single largest source of stress for GenZ, the second Mental Wellbeing study by ITC Fiama in collaboration with NielsenIQ released on World Mental Health Day has revealed.
The New York Times cites that they've been called, “narcissistic, lazy, and indecisive. Millennials have been labeled the boomerang generation for the many unable or unwilling to leave their parents' home, or even more negatively, the Peter Pan generation because they supposedly won't grow up.”
According to analysis from The Federal Reserve Bank of St. Louis, their entire generation may have missed out of economic opportunities their parents and grandparents all enjoyed. The Fed went so far as to call older millennials (those born in the 1980s) a “lost generation.”
Debt is a key reason so many millennials are falling behind financially. Although many Americans managed to improve their finances during the pandemic, overall consumer debt increased in 2021, according to recent data from Experian, with the average debt balance for millennials growing by 15.4 percent to $100,906.
Millennials and Gen Xers struggle with higher debt burdens than Baby Boomers, while having lower ... [+] A new study finds that Gen X and Millennial families do have it harder than the previous generation did at the same age– in terms of home ownership, debt levels, and retirement planning.
Definition. The “millennial mindset” is a way of thinking that builds being socially conscious into all aspects of life. Millennials pay attention to where businesses spend their money and how they contribute to society as well as what the company sells.
So, what are the top three factors causing millennials this much stress? Of those surveyed, 74 percent of millennials report that their finances and debt are causing them to burn out, while 65 percent said work tension is the cause and 56 percent blame trying to find the right work-life balance.
The reason behind the prevalence of anxiety among millennials is a matter of endless discussion. One popular opinion, especially from the older generation, is that millennials are largely spoiled and entitled, and their over-reliance on parents while growing up left them unprepared for the challenges of the real world.
The Deloitte and Robin surveys both show that Gen Z and millennials want a better work-life balance, better learning and development opportunities, improved mental health and wellness support, and a greater commitment from businesses to make a positive societal impact.
After conducting original research, we have found that millennials' challenges stem from a conflict between their desires and attainable goals. Our societal expectations have created tension for millennials who struggle to find ways to act like adults when financial pressures cause them to feel much more like children.
Unlike previous generations, the Millennial Generation is more tolerant of different races, religions, and cultures (Sa'aban et al., 2013). Additionally, the Millennial Generation is less likely to have a sense of cultural superiority than older generations (Brown et al., 2009).
Millennials have been described as the first global generation and the first generation that grew up in the Internet age. The generation is generally marked by elevated usage of and familiarity with the Internet, mobile devices, and social media, which is why they are sometimes termed digital natives.
This most health-conscious generation takes a holistic perspective on health. They simultaneously work on their physical elements, appearance, and mental health, and are happy to mix and match traditional and cutting-edge technologies.
Gen Z is also the smartest and best educated generation. Having an unlimited wealth of information at our disposal has not gone to waste. In America, 57 percent of Gen Z is reported to have enrolled in a two-year or four-year college, compared to 52 percent of Millenials and 43 percent of Gen X.
One-third (32%) of Gen Z respondents say they are the hardest-working generation ever, with Millennials ranked as the second-hardest working generation at 25%. More than half (56%) say the Silent Generation is the least hardworking generation of all time.
It should come as no surprise to anyone that Generation Z (Gen Z) is the most impatient generation. This generation is the fastest to hang up while on hold, research indicates.