Just like Kermit and Miss Piggy’s dynamic, young adults’ relationship with work is, in a word, complicated. While millennials and Gen Zers highly value work-life balance, they’re operating in a high-inflation world where money is tight and stable finances are tough to find. They might not dream of labor, but many must labor even harder than their parents did to afford the same lifestyle, making it difficult for them to actually put their money where their mouth is when it comes to achieving that coveted balance.

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So finds Deloitte's global survey of 22,000 millennial and Gen Z workers, who said work-life balance is the top trait they admire in their peers and their top consideration when choosing an employer, above learning and development and pay. It seems at odds with Deloitte's other finding: Nearly half (49%) of Gen Zers and 62% of millennials say their job is still central to their sense of identity, second only to their family and friends, but more important than hobbies, music, and exercise. But it may be hard to separate work from identity when you're working all the time to make ends meet.

“Ultimately, Gen Zs and millennials do value balance, but they are struggling to make it happen,” says Michele Parmelee, Deloitte’s global people and purpose leader, explaining that economic uncertainty isn't helping. Young adults reported in the survey they worry that worsening economic conditions will set them back in their own work-balance goals.

During the early pandemic, employees, especially younger ones, found themselves in an existential spot that Parmalee says prompted them to rethink the role work plays in their lives. The ensuing #antiwork movement was born out of their discontent with work and capitalism at large, as wages weren’t going far enough to cover the bills. Younger generations were accused of quiet quitting, or taking it easy at their (oft underpaid) job—really, just continuing to do one’s job without going above and beyond.