Gen Z workers say they need an average salary of almost $125,000 to feel like they've 'made it,' a survey of young workers found
Gen Z are known for shaking up workplace norms by demanding better salaries, and according to a recently released survey, they need higher salaries to feel like they've"made it" than their millennial counterparts.of 1,004 respondents in the US between the ages of 21 and 42 from 2020 to December 2022 to find out about their salary expectations. Its study, published in 2023, found that 58% of young professionals surveyed were not pleased with their current salary.
Just over half of Gen Z workers surveyed — those aged between 21 and 26 during the study — said they were dissatisfied with their salary but 59% of millennials who are 27 to 42 years old were unhappy with their income. This difference can be attributed to the fact that millennials are further along in their careers with more experience.
Gen Z workers surveyed said that to feel like they had"made it" they would need a salary of almost $125,000, while their millennial counterparts say they only need an average income of $121,000.88% of Gen Z were uninterested in law as a profession despite young lawyers having the highest-paid salaries of almost $150,000 a year, per Skynova.
Gen Z's expectations of a successful salary differ from millennials, because they tend to have greater expectations and put a clearly defined price tag on their skillset. that these expectations stem from the economic impact of the pandemic and inflation. Although they're pushing for better salaries, they tend to reject high-pressure industries like law because of the
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
King Charles' scaled-back coronation set to cost the UK up to $125 millionThe eyes of the world will be on the U.K. this weekend as King Charles III is crowned at Westminster Abbey in a quintessentially British display of pomp and pageantry.
Read more »
King Charles III's coronation could cost eye-popping amountIn some reports, costs are projected to reach $125 million.
Read more »
Biden is expected to tap Air Force chief to be nation’s next top military officerIf confirmed, Gen. C.Q. Brown would succeed Gen. Mark Milley as Joint Chiefs chair
Read more »
Gen Z doesn’t understand these common workplace phrases: studyJoining the workforce for the first time can be daunting, but Gen Z is on the back foot with the youngsters struggling to get a grasp on everyday work slang.
Read more »
New Next-Gen Lyft Scooters Hitting Denver's Streets This WeekNext-generation Lyft scooters are hitting Denver's streets — complete with turn signals, AI technology and phone chargers.
Read more »
The 2024 Toyota Tacoma Has a Reveal DateToyota’s next-gen Tacoma is showing its face on May 19.
Read more »