Summary
A report from Goodwill Industries International highlights significant economic challenges faced by Gen Z adults, who report high levels of unemployment and uncertainty about their career paths. The report shows a "generational recession" impacting younger workers more severely than older generations. Many Gen Z individuals experience job insecurity and postpone key financial goals due to economic pressures.
Key Facts
- Gen Z adults are facing the highest levels of unemployment, with 15% of them unemployed and seeking work.
- The overall unemployment rate reported across all generations is 11%.
- 82% of Gen Z workers feel confident about their current job, lower than the average confidence level of 86% among all age groups.
- Only 28% of Gen Z feel sure about their future if they lose their current job, compared to 59% of Baby Boomers.
- 42% of Gen Z delay major financial goals like paying off debt or buying a home due to job concerns.
- One in five Gen Z respondents are considering a significant career change due to economic conditions.
- The survey includes responses from 1,300 people, with an oversample of Gen Z respondents.
