Post by account_disabled on Feb 22, 2024 1:52:59 GMT -5
When historians evaluate the effects of the 2020 COVID-19 pandemic on society, the response of millennials and Gen Z is notable. The younger generations stand firm, refusing to compromise their values. This means that such an attitude can ultimately help change society. Although it is too early to know the long-term impacts of the pandemic on any age group, the 2020 Deloitte Global Millennial Survey reveals younger generations whose resilience and determination will surely shape the world that emerges. The impact on the younger generations Pandemic-related shutdowns have hit these generations hard, especially younger members. Nearly 30% of Gen Z and a quarter of younger millennials (25-30 years old) who took the pulse survey in late April or early May reported having lost their jobs or been placed on furlough. unpaid. In that time, around one in five millennials around the world have lost their jobs.
Deloitt. Another 27% of millennials and 23% of Gen Zers said they were working fewer hours, while some (millennials 8%, Gen Zs 5%) were working longer hours without a corresponding pay increase. Only a third of millennials and 38% of Gen Z reported that their employment/income situation had not been affected by the pandemic. Furthermore, this year's primary and follow-up surveys, taken together, suggest that millennials and Generation Z, survivors of unprecedented economic and social challenges compared to previous generations still in the workforce, up Now they have Bulgaria Mobile Number List been able to roll with the punches. They are deeply affected by the pandemic, but seem to be able to see opportunities in the darkness. Millennials and Gen Z not only hope that a better world will emerge after the COVID-19 pandemic releases its grip on society; They want to lead the change. Deloitte. What is the future outlook? During this study it was found that, although the situation is complicated, the new generations share a lot of hope: Nearly half (48%) of Gen Z and 44% of millennial respondents said they are stressed all or most of the time but anxiety levels dropped eight points for both generations during the pandemic indicating a potential ray of light to the disruption caused by COVID-19. Half of those surveyed said they believe it is too late to repair the damage caused by climate change. However, they share that the pandemic helped reduce pollution levels, benefiting the planet.
The pandemic has brought about an even stronger sense of individual responsibility. Nearly three-quarters said the pandemic has made them more understanding of the needs of others and that they intend to take action to have a positive impact on their communities. Both generations commented that they will make a special effort to more actively patronize and support businesses, especially smaller local vendors, after the pandemic. But they will not hesitate to penalize companies whose declared and practiced values conflict with theirs. Most respondents gave high marks to companies and governments for their responses to the pandemic. However, the actions taken during the crisis did not translate into a better general opinion of companies. Many are financially prudent and literate. While long-term finances are a major cause of stress, more than half of millennials and nearly half of Gen Zers are saving money and could get by if they unexpectedly received a large bill. Workplace loyalty increases as companies address employee needs, from diversity and inclusion to sustainability and reskilling. Conclusions What was concluded from this survey is definitive: these generations are committed to their values and beliefs. And contrary to what one might imagine, the pandemic reinforced their desire to help positive change in their communities and around the world.