Generation Z and Generation Y (Millennial) workers are getting increasingly overwhelmed and stressed out at work, a study by Bain & Company reveals.
According to study, young people especially from advanced economies are mostly worried about monetary issues and how their careers will turn out.
Generation Z workers are those born after 1994, while millennials workers are those born between 1980 and 1994.
Survey shows that around 61% of respondents below the age of 35 are concerned about money, job security and are uncertain about meeting their career goals in the coming 10 years.
Survey was conducted of about 20,000 workers. Respondents included workers from the United States, Germany, India, Brazil, Japan, China, France, Indonesia, Italy, and Nigeria. Together, these countries represent around 65% of global GDP.
“According to our survey, 81% of workers in emerging markets said they felt optimistic that their lives would be better 5 to 10 years from now, compared with only 63% in developed economies,” the report said.
According to Bain’s report, “Young employees today are grappling with “slowing economic growth, rising inequality, and declining housing affordability across the West. The odds of achieving absolute upward mobility — earning more than one’s parents — are the lowest they have been in the US for any generation since World War II.”
