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What are Gen Zs and millennials concerned about?

February 10, 2023

Gen Zs and millennials are deeply concerned about the state of the world, and actively try to balance the challenges of their everyday lives with their desire to drive societal change. The Deloitte Global 2022 Gen Z and Millennial Survey covered 14,808 Gen Zs and 8,412 millennials across 46 countries and found that they want businesses and governments to do more.

Financial concerns are top of mind. Many worry about their day-to-day finances, and fear that they won’t be able to retire comfortably. According to the survey, pay is the No. 1 reason they left their employers over the last two years. But when it comes to what makes them choose a new organization to work for, good work/life balance and learning and development opportunities are their top priorities.

The vast majority (90%) of Gen Zs and millennials are making an effort to reduce their personal impact on the environment. They don’t believe business and governments are as strongly committed, and many are pushing their own employers to take action. Many don’t believe business and government are strongly committed to fighting climate change.

And while many organizations are more focused on workplace mental health since the start of the pandemic, burnout levels are high among both generations (45%). More than half agree their organization now talks more about mental health, but it has not resulted in any meaningful impact on employees.

Top 5 Gen Z concerns

  • Cost of living – 29%
  • Climate change – 24%
  • Unemployment – 20%
  • Mental health – 19%
  • Sexual harassment – 17%

Top 5 Millennial concerns

  • Cost of living – 36%
  • Climate change – 25%
  • Health care/disease – 21%
  • Unemployment – 20%
  • Crime/personal safety – 18%

“They are struggling with financial concerns, while trying to invest in environmentally sustainable choices. They feel burned out, but many are taking on second jobs, while pushing for more purposeful—and more flexible—work. They press their employers to tackle climate change, particularly when it comes to efforts they can get directly involved in, but businesses may still be missing opportunities to drive deeper and broader climate action. And they have inspired organizations to take action to address workplace mental health challenges, but many don’t feel this is resulting in any tangible change for employees.”, the report sums up.

Source: Deloitte