Posted July 19, 2022 by Mark Perna
Episode Title: Two Jobs to Pay the Bills
How are younger workers coping with rising costs? Almost half are working two jobs, according to Deloitte. Let’s talk about it, next on The Perna Syndicate.
Ep 507 show:
Welcome to The Perna Syndicate! Times are tough all around, but many people in older generations have seen these ups and downs before. Gen Z, however, hasn’t. So how are they handling all this financial instability?
Deloitte’s recent study found that low pay was the top reason why Millennial and Gen Z workers left a role within the last two years. 15% of remote workers moved somewhere cheaper to save money, and 33% say that working remotely has helped them trim their expenses.
In addition, a whopping 43% of Gen Z workers have taken either a part- or full-time job in addition to their primary job. And people think this generation is lazy!
Of course, side hustles also provide an outlet for Gen Z to express their entrepreneurial side. The money doesn’t hurt, and may be helping drive both Gen Z’s entrepreneurial goals and their career advancement plans.
In their day jobs, many Gen Z employees are eager to improve their financial situation by moving up the ranks at work. 49% want their current employer to provide leadership and management training so they can take the next step in their career.
All in all, I’d say younger workers are coping the best they can with the financial squeeze we’re all feeling.
Tomorrow: the Millennials have been called job hoppers; is Gen Z going to follow their example? On the next episode of The Perna Syndicate, we’ll talk about two different perspectives on how loyal younger workers really are. See you then!