More importantly, these worries indicate just how concerned they are about what's coming next—about making the right choices today in order to ensure a stable future. In truth, decision-making itself may be the number-one reason why millennials are so depressed and anxious, and why they feel the need for psychotherapy.
TL;DR: 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.
So, millennials tend to have very positive views of themselves and are very optimistic about their expectations for their lives and they're more likely to say that they're above average compared to their peers and they tend to score higher on other measures of positive self-views, like self-esteem and even narcissism.
FUNDAMENTAL TRAITS
According to Howe and Strauss (2000), in their canoni- cal Millennials Rising: The Next Generation, seven dis- tinguishing traits define Millennials: Special, Sheltered, Confident, Team-oriented, Conventional, Pressured, and Achieving.
Career Impatience
Growing up in fast times and coming of age in an on-demand culture, Millennials have little patience for stagnation, especially when it comes to their careers.
According to Cigna International Health's 2023 survey of almost 12,000 workers around the world, 91% of 18-to-24-year-olds report being stressed – compared to 84% on average. Research indicates Gen Z are emerging as the most stressed demographic in the workplace, and struggling mightily to cope.
The latest study commissioned by MindEdge and conducted by Research Now shows that about only half of Millennials feel like they have strong critical thinking skills. And when you think about it, it makes total sense.
While researchers believe that the millennial generation is more susceptible to burnout, they also report more distress and lower emotional well-being compared to previous generations. The nature of work has become increasingly stressful and competitive, and millennials don't have much time for themselves.
Millennials recognize change and progress as a priority and therefore adapt everything else to keep up and stay competitive. They're young and their thinking is young. If they aren't ready to lead, their leadership style and thinking are certainly worth studying.
The business cites that so many millennials want to leave their current employer due to a lack of engagement tactics and attraction and retention strategies. It's safe to say that based on these findings, millennials aren't interested in remaining with companies that don't tend to their need to feel engaged at work.
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.
Depression in millennials has been linked to many factors. There is some evidence indicating that social media could play a major role, however, there are many other factors that could contribute as well including nutrition and education, and even how you were parented.
The younger generation has powered through a lot of upheaval in their short lives but it's taken a toll on their mental health. A new survey finds that an astounding 42 percent of those born between 1990 and 2010 – Gen Z – have been diagnosed with a mental health condition.
As generational stereotypes go, I nominate Gen X to be, without a doubt, known as "The Coolest Generation." Baby Boomers (1946 to 1964) started off on the right track with the hippie movement in the '60s, but soon became the folks that brought us the “Me Decade,” yuppies, and President Trump.
Members of Generation Z report higher rates of depression and a number of other mental health conditions than do generations before them. At the same time, they are more likely than previous generations to report these problems, positioning those who seek help in a place to receive it.
This generation exhibits deep curiosity about the world and displays the desire to further develop skills and knowledge that can help them within their professional lives. Millennials seem to understand the importance of setting and achieving goals, both for personal growth and their careers.
Gen Y: Gen Y, or Millennials, were born between 1981 and 1994/6. They are currently between 25 and 40 years old (72.1 million in the U.S.) Gen Y.1 = 25-29 years old (around 31 million people in the U.S.)
Despite stereotypes endorsed by older generations, millennials are one of the hardest working generations. Over a quarter of them work 2 or more jobs. The number of weekly working hours is also astonishing for this generation, with 73% working more than 40 hours per week, and almost 25% working more than 50 hours.
They value family, personal connection, and loyalty. They seek out the genuine and are repulsed by phony. They are famously optimistic and believe in the possibility of change. They advocate for the environment and social justice.
Gen Z sees millennials as a generation too willing to define ourselves by our interests and identities. That comes through in a loyalty to brands, or '90s nostalgia, or political figures, rather than movements, philosophies, or ideals.