How often do millennials job-hop? According to Zippia, on average, a millennial will stay at their job for 2.75 years. And according to a Gallup report on the millennial generation, 21% of millennials surveyed report changing jobs within the past year – more than three times the rate of other generations.
Gen Z, which caps off around 23-24 years old, with inbetweeners being maybe one year older, is staying at a job for 2 years and 3 months before moving on to the next gig, one 2021 study from CareerBuilder says.
Nearly 90% of Gen Zers who left their jobs during the great resignation regret quitting, and as a result, their mental health is declining, according to a recent Paychex survey of 825 workers.
Baby Boomers: Born 1946-1964 (59-77 years old) Gen X: Born 1965-1980 (43-58 years old) Millennials: Born 1981-1996 (27-42 years old) Gen Z: Born 1997-2012 (11-26 years old)
The main reasons Gen Zers and millennials are considering switching jobs haven't changed, with higher compensation, improved work-life balance, opportunities for career growth and flexible work arrangements all ranking as top priorities, per LinkedIn's research.
Their loyalty is fickle.
Millennials are a loyal group when a company does right by them. However, they wouldn't think twice about leaving a company if another one offers them a better opportunity to learn, grow, or balance life and work.
Millennials face looming retirement insecurity
The authors of a 2021 brief from the Center for Retirement Research at Boston College said that while millennials "are catching up in the labor market and they are getting married and buying houses," they are falling behind earlier generations in savings.
Like Boomers, Millennials are a huge generation that we sometimes split into two subgroups: Early Millennials (born 1980-1987) and Recessionists (born 1988-1995). The fairly obvious element that divides these two groups is life stage.
Unlike the previous generation who had fought for "changing the system," the Silent Generation was about "working within the system." They did this by keeping their heads down and working hard, thus earning themselves the "silent" label. Their attitudes leaned toward not being risk-takers and playing it safe.
And a survey of 600 individuals found that Gen Z is the most unhappy generation at work. Just 59% of Gen Z workers are happy, compared to 69% for Baby Boomers and 76% for Millennials and Gen X. In addition, 9% of Baby Boomers are unhappy at work, compared to 26% of Gen Z and 13% for Gen X and Millennials.
Source: Happiness at Work in 2023, Cangrade. Gen X are the most satisfied generation at work, reporting a 5.5 level of satisfaction on a scale from one to seven. They are followed by Baby Boomers (5.47), Millennials (5.41) and Gen Z, the least satisfied (4.76).
According to Cigna International Health's 2023 survey of almost 12,000 workers around the world, 91% of 18-to-24-year-olds report being stressed – compared to 84% on average. Research indicates Gen Z are emerging as the most stressed demographic in the workplace, and struggling mightily to cope.
Quiet quitting is when employees continue to put in the minimum amount of effort to keep their jobs, but don't go the extra mile for their employer. This might mean not speaking up in meetings, not volunteering for tasks, and refusing to work overtime. It might also result in greater absenteeism.
New research from marketing and data analytics company Kantar revealed that 36% of millennials, 30% of Gen X and 21% of Boomers have at least two jobs, but Gen Z are the busiest side-hustlers — with 40% working an extra gig, Fox Business reported.
The Credit Karma survey, which reached 1,006 adults in March and April, paints a poignant picture of the youngest generation of American adults, born after 1996, and their financial aspirations. Thirty-six percent of Generation Z expects to retire by 50, the survey found. Sixty-six percent expects to retire by 60.
1 Millennials are defined as persons born between 1981 and 1997. In some parts of the report, special focus is given to younger millennials, ages 18-24, and older millennials, ages 25-34, as these groups represent different stages of the young adult cycle.
Gen X is also known as the “MTV Generation,” the “Latchkey Generation,” and the “Forgotten Generation” (not to be confused with the Silent Generation, known for serving in the Korean War which is often called the “Forgotten War”).
Millennials were born between 1981 and 1996, according to the Pew Research Center. So as of 2023, the millennial age range is between 27 and 42. They were the first generation to grow up in the Internet Age but also remember life before social media.
The term millennial (also known as Generation Y) refers to anyone born between 1981 and 1996, and Gen Z refers to anyone born from 1997 through 2012, according to the Pew Research Center. Along the blurry edge at the cusp of the two generations, between Gen Y and Z, is where zillennials live.
Recent News. Generation Z, also called Gen Z, zoomers, iGeneration, centennials, post-millennials, or Homelanders, term used to describe Americans born during the late 1990s and early 2000s.
Baby Boomers (circa 1946 to 1964) Generation X (circa 1965 to 1980) Millennial Generation (circa 1981 to 1996) Gen Z (post-Millennial) (circa 1997 to 2012)
The trend for millennial gray likely started as an allergic reaction to the popular Tuscan-inspired interiors of the mid-to-late 2000s. As teens grew older and eventually moved out, they rejected the brown and tan walls, dusty plastic grapes, and rooster motifs that covered their parents' homes.
The focus on clean eating and balanced nutrition contributes to their overall health, vitality, and youthful appearance. Skincare has also become a crucial component of millennials' health and fitness routines. They recognize the importance of maintaining healthy skin and are diligent about skincare regimens.