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Macrotrends

Making A Living

... pressure to adhere to this since it was the standard measure of success. Even if people had individual aspirations when it came to these areas, they weren't as able to pursue them since they had limited opportunities to go outside of this traditional path. Gen Ys and Zs, however, don't feel the need to aspire to such when it comes to these key areas of their lives; to them, success isn't defined by one's job title, salary, or the square footage of their home, but rather, by attaining the lifestyle they ...

For Love And Money

... , while the older among them are optimizing their purchases (see The Optimization Generation) and prioritizing high salaries over world betterment when choosing which jobs to take. However, that’s not to say they’ve adopted Gordon Gekko’s motto of “greed is good.” Societal betterment is still paramount in their lives, it’s just no longer their main concern when choosing a career. Case in point, when asked what they need in order to be fulfilled in their work lives, 48% say “a high salary” (their top ...

Feel The Burn: Understanding Modern Burnout

... -indebted generation, who owe a whopping $1.6 trillion in student loan debt. Competition for limited job opportunities, the rising cost of living/education, the always-on aspect of modern communication, and the fact that work productivity has grown at a rate six times faster than salary growth have created a work environment in which this generation of overachievers is bound to burnout. And their feeling is only exacerbated by this cohort’s tendency to associate their work with their identities and to ...

Out Of Office

... require a degree in Liberal Arts these days. What’s more, with thought leaders like Kimbal Musk (brother to Elon Musk) updating the farming industry with his Square Roots program, once-stale fields are benefitting from the halo effect of Silicon Valley newness. My ideal job would be one that allowed me to have the freedom to travel and work from my laptop but still have a great salary. I would love to work in the outdoors and experience new surroundings. Having a job that is more physical would ...

Public Funds

... the site, which targets Y females, features the monthly expenses and a snapshot of the weekly spending habits of an anonymous young woman. Upfront details include age, location, industry/job title, salary, paycheck amount (after deductions for benefits and taxes), living situation, rent or mortgage, loan payments, utilities, insurance premiums, savings contributions, gym membership fees, and even subscription service fees (e.g., Netflix, Spotify). The featured participant chronicles her spending ...

Gen Z State Of Mind

... it will set them up for financial stability, and they will be more apt to value a high salary over the exact nature of their work. Unlike Ys who believed they should pursue their passion and the money will follow, Zs are aware of financial realities and don’t want to take such a risk when it comes to money matters. More than half (57% in the UK and 56% in the U.S.) believe a job is just something you do, not who you are, which means they won’t necessarily need to find their dream job so long as ...

Build Your Own Career

... lower title or salary if it allows for the transition they seek. Youth aren’t as apt to stay at one company as long as previous generations. According to a LinkedIn study, Ys, on average, switch jobs four times in their first 10 years out of college/university, which is twice as often as Gen Xers did. When considering how many years they would work for the same company in one stretch, 22% of youth would stay five years or less, but 40% would be willing to stay indefinitely. Ys in general are ...

Leaning Out To Lean In

... thrive at work and at home without ample support, as many financially strained and resource-strapped young parents struggle to do, is not realistic in the current economy. To wit, 23% of stay-at-home parents in the U.S. and 21% in the UK made the choice to stay home because the salary they earned did not justify them working (i.e. offset the cost of childcare). For these parents, suggesting that their struggles are the result of them not saying “yes” to new opportunities misses the mark.  ...

Money Talks

... to each other before either makes a major purchase | It is important to know your partner's spending habits in a relationship | It is important to be transparent about personal finances when entering a serious relationship (e.g., personal debt, salary, inheritance, etc.) | It is necessary to have regular conversations about finances with your partner | I think it is important for people in a serious relationship to share expenses equally | It is important for me to maintain financial ...