Forget quiet quitting. Millennials and Gen Zers are quietly working second jobs...
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Forget quiet quitting. Millennials and Gen Zers are quietly working second jobs as they live paycheck to paycheck
You’ve heard the stereotypes about millennials and Gen Z in the workforce. There’s the old troupe that they spend too much money on avocado toast or the newer one that they waste too much time on TikTok, and of course the underlying assumption that the youngest employees are supposedly lazy or not hard-working. But these beliefs couldn’t be further from the truth. They just might seem checked out of their job because they are struggling to make ends meet and working another job after hours that their boss doesn’t know about. After all, 22,000 workers from around the world is a pretty big sample size.
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Deloitte, one of the “Big 4” consulting firms and an authority on workplace research, conducted a massive global survey of Gen Z and millennials last November and December, and found that half of them reported that they live from paycheck to paycheck. Finding the bills increasingly difficult to pay with just one source of income, 46% of Gen Zers and 37% of millennials have added another part or full-time gig in addition to their primary job. These young generations aren’t just working hard for the money, they’re going overtime to make ends meet and address the financial concerns. That’s a far cry from “quiet quitting.”
Listing the high cost of living as their primary concern for the second year in a row, Gen Z and millennials also cite unemployment and climate change as other major concerns. “The cost of living has been their top concern for two consecutive years now, and finances are consistently their top stress driver,” Deloitte’s global people & purpose leader Michele Parmelee tells Fortune. “Interestingly, these concerns are really consistent across both generations, so it’s not just a matter of Gen Zs being young and just getting started in their careers.”
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