Raised during economic downturns and rising costs, Gen Z has a practical view of work. Contrary to stereotypes of them prioritizing flexibility or social impact over pay, Gen Z primarily aims to earn more money than their parents.

Survey Insights

A survey of 2,000 Gen Zers by EduBirdie reveals that while work-life balance and job satisfaction are important, money is their top priority. Thirty-one percent of respondents said their main career goal is to make a lot of money, compared to only 12% who want to make a positive societal impact.

Social Media Perspective

A popular Reddit post in the Adulting forum echoes this sentiment. A Gen Z user stated, “Older generations need to realize Gen Z will NOT work hard for a mediocre life.” They argued against older generations telling them to accept lower salaries and frugal living conditions.

A Pragmatic Approach

Although some demands may seem entitled, Gen Z has a valid point. They don’t want to sacrifice and live a restricted lifestyle despite working hard. They believe a salary of $60,000 or less is not enough for a decent living standard.

Financial Aspirations

Gen Z’s financial dreams include homeownership, paying off student loans, and achieving financial independence. Having grown up in an uncertain economy, they know these goals require a higher salary than what previous generations needed.

Sacrifices for Success

The EduBirdie survey shows that Gen Z is willing to make significant sacrifices for a higher paycheck:

– 41% would give up remote work

– 37% would drop hobbies and side hustles

– 31% would see friends less often

A New Mindset

Unlike millennials, who emphasize work-life balance, Gen Z sees high earnings as the key to enjoying life outside of work. They believe that having more money allows them to focus on health, family, and passions.

Potential to Out-Earn Parents

Sixty-three percent of Gen Z respondents aim to be wealthier than their parents, and 20% want to reach the same financial status as their wealthy parents. In contrast, many millennials expect substantial inheritances, which may make them less driven to match their parents’ earnings.

Debunking the “Lazy” Label

EduBirdie’s data shows that Gen Z is highly motivated but with different goals than previous generations. They are ready to work hard but not for a lifestyle they consider mediocre.

Attracting Gen Z Talent

For companies seeking to attract Gen Z employees back to the office, higher pay might be the best strategy. Gen Z is willing to make sacrifices if it leads to higher earnings.

The Modern American Dream

Whether aiming to out-earn their parents or grow wealth for retirement, the best way to align career and financial goals is by consulting a financial adviser. They can help maximize income, manage expenses, and achieve the American dream, regardless of the generation.

With the current economic volatility, professional financial guidance is crucial for reaching desired prosperity and lifestyle.