{"id":4413,"date":"2024-02-06T12:00:00","date_gmt":"2024-02-06T12:00:00","guid":{"rendered":"https:\/\/develop-blog-edubirdie-com.dev.prokit.me\/blog\/life-goals-of-gen-z\/"},"modified":"2024-02-06T12:00:00","modified_gmt":"2024-02-06T12:00:00","slug":"life-goals-of-gen-z","status":"publish","type":"post","link":"https:\/\/edubirdie.com\/blog\/life-goals-of-gen-z","title":{"rendered":"Wealth, work and happiness: the life goals of Gen Z"},"content":{"rendered":"<p><img decoding=\"async\" alt=\"Wealth, work and happiness: the life goals of Gen Z\" src=\"https:\/\/s3.amazonaws.com\/blog.site\/images\/life%20goals%20of%20gen%20z%20cover-min_1707227346.png\" style=\"width: 100%;\"><\/p>\n<p><strong>Key takeaways<\/strong><\/p>\n<ul>\n<li style=\"text-align: justify;\">Generation Z prioritize happiness at work, but want money too<\/li>\n<li style=\"text-align: justify;\">Generation Z are happy to sacrifice WFH, if it means getting a raise<\/li>\n<li style=\"text-align: justify;\">1 in 3 Gen Zers prioritizes the happiness of others when it comes to career decisions<\/li>\n<li style=\"text-align: justify;\">57% of Generation Z say that protecting their mental health is their biggest challenge at work<\/li>\n<li style=\"text-align: justify;\">1 in 3 Gen Zers wants to be financially independent in the long run<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">What gets Gen Z out of bed in the morning? While much has been written about the generation currently exploring adulthood, their motivations still remain a mystery to some.<\/p>\n<p style=\"text-align: justify;\">Having spent their formative years in a fog of economic turmoil, perhaps this generation can be forgiven for feeling cynical about capitalism. But have they abandoned the American Dream entirely?<\/p>\n<p style=\"text-align: justify;\">After all, if their passion for side hustles is anything to go by, Generation Z certainly isn\u2019t afraid of a bit of hard work. But do they believe their toil will translate into home ownership?<\/p>\n<p style=\"text-align: justify;\">To find out, EduBirdie surveyed 2,000 members of Generation Z in the US. This is what their answers revealed:<\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Money_vs_happiness_an_eternal_dilemma\"><\/span>Money vs happiness: an eternal dilemma<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\">When it comes to life&#8217;s big questions, few divide opinions like whether to prioritize money over one\u2019s own happiness. But has Generation Z made up their mind about their American Dream?<\/p>\n<p style=\"text-align: justify;\"><img decoding=\"async\" alt=\"37% of gen z want a job they enjoy\" src=\"https:\/\/s3.amazonaws.com\/blog.site\/images\/life%20of%20gen%20z%201_1707231205.png\" style=\"width: 100%;\"><\/p>\n<p style=\"text-align: justify;\">Our survey revealed that \u2013 surprise, surprise \u2013 today\u2019s young adults are just as divided on that question as the rest of us. 37% said the most important thing was finding a job that they enjoyed, with 31% saying they preferred a job that paid well.<\/p>\n<p style=\"text-align: justify;\">Others took a more idealistic stance, with 12% saying that they wanted a job that helped them maximize their impact on society. Meanwhile, 15% wanted a job they could depend on should the economy take another dive.<\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Generation_Z_doing_it_on_their_own\"><\/span>Generation Z: doing it on their own?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\">Have side hustles and gig platforms raised a generation of budding entrepreneurs? It turns out Gen Z has mixed opinions when it comes to the merits of being your own boss.<\/p>\n<p style=\"text-align: justify;\"><img decoding=\"async\" alt=\"gen z is split between employment and flexibility\" src=\"https:\/\/s3.amazonaws.com\/blog.site\/images\/life%20of%20gen%20z%202_1707231288.png\" style=\"width: 100%;\"><\/p>\n<p style=\"text-align: justify;\">Overall, 52% of respondents said they preferred the old-fashioned method of having a full-time job. In contrast, 30% expressed a preference for being self-employed contractors, and 18% fancied starting a business.<\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Can_you_put_a_price_on_a_raise\"><\/span>Can you put a price on a raise?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\">In today\u2019s complex economy, Gen Z aren\u2019t short of choices when it comes to working habits. But which of these would they sacrifice if it meant getting paid more?<\/p>\n<p style=\"text-align: justify;\"><img decoding=\"async\" alt=\"gen z would swap working from home if they got a raise\" src=\"https:\/\/s3.amazonaws.com\/blog.site\/images\/life%20of%20gen%20z%203_1707231362.png\" style=\"width: 100%;\"><\/p>\n<p style=\"text-align: justify;\">When presented with a multiple-choice hypothetical scenario, 41% said they would happily give up the option of working from home \u2013 once seen as the biggest prize of the pandemic \u2013 for more money.<\/p>\n<p style=\"text-align: justify;\">Some were prepared to sacrifice part of their personal life too, with 37% saying they would give up their hobbies in order to make more money, and 34% saying the same about their social life.<\/p>\n<p style=\"text-align: justify;\">And what about sacrifices in the workplace itself? It turns out that 1 in 5 of Gen Z would happily give up the more exciting parts of their job if it meant taking home more cash at the end of the month.<\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"What_matters_most_to_Generation_Z\"><\/span>What matters most to Generation Z?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\">With direct access to Gen Z, we had the perfect chance to ask the big questions: just what do they value most when it comes to life decisions?<\/p>\n<p style=\"text-align: justify;\"><img decoding=\"async\" alt=\"gen z value family and wellbeing over career\" src=\"https:\/\/s3.amazonaws.com\/blog.site\/images\/life%20of%20gen%20z%204_1707231422.png\" style=\"width: 100%;\"><\/p>\n<p style=\"text-align: justify;\">The most popular answer was family and relationships, with 69% of respondents citing it as one of their most important priorities. After that came health and well-being (at 62%) and financial stability (55%).<\/p>\n<p style=\"text-align: justify;\">Less predictable answers included personal growth (25%), and travel and exploration (14%). Meanwhile, 9% said that spirituality was a major influence on their life decisions.<\/p>\n<p style=\"text-align: justify;\">And what about the occasional perception of Gen Z being selfish? Our study suggests the truth is very different: with 1 in 3 prioritizing others over their happiness.<\/p>\n<p style=\"text-align: justify;\"><img decoding=\"async\" alt=\"67% of gen z prioritize their happiness over others approval\" src=\"https:\/\/s3.amazonaws.com\/blog.site\/images\/life%20of%20gen%20z%205_1707231500.png\" style=\"width: 100%;\"><\/p>\n<p style=\"text-align: justify;\">Likewise, Generation Z also takes into account the needs of others when making their own career decisions, with 16% saying they prioritized their partner\u2019s feelings, and 14% focusing on the approval of their family.<\/p>\n<p style=\"text-align: justify;\">Perhaps Gen Z aren\u2019t that different after all, then, when it comes to achieving the American Dream.<\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"The_poorest_generation_Does_Gen_Z_fear_the_future\"><\/span>The poorest generation? Does Gen Z fear the future?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\">Having navigated a sluggish economy and difficulties with home ownership, Generation Z has plenty to be fearful about when it comes to their finances. So what impact has it had on their outlook?<\/p>\n<p style=\"text-align: justify;\"><img decoding=\"async\" alt=\"55% of gen z say that financial instability is their biggest fear\" src=\"https:\/\/s3.amazonaws.com\/blog.site\/images\/life%20of%20gen%20z%207_1707231634.png\" style=\"width: 100%;\"><\/p>\n<p style=\"text-align: justify;\">More than half (55%) of respondents said that financial stability was their biggest fear, reflecting predictions that Gen Z is set to be the poorest generation compared to their recent predecessors.<\/p>\n<p style=\"text-align: justify;\">Some had other fears about their lives, with 32% saying they fretted about not reaching their full potential and 26% worrying that they would not find a job that they enjoyed.<\/p>\n<p style=\"text-align: justify;\">And how about more immediate challenges? Asked about their current worries, 57% of respondents said that their mental health was the biggest worry in their day-to-day lives.<\/p>\n<p style=\"text-align: justify;\"><img decoding=\"async\" alt=\"57% of gen z say that mental health is their biggest challenge\" src=\"https:\/\/s3.amazonaws.com\/blog.site\/images\/life%20of%20gen%20z%206_1707231566.png\" style=\"width: 100%;\"><\/p>\n<p style=\"text-align: justify;\">Meanwhile, 48% said their biggest challenge was maintaining a good work-life balance, and 33% worried most about their finances.\u00a0<\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Aiming_high_The_wealth_goals_of_Generation_Z\"><\/span>Aiming high? The wealth goals of Generation Z<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\">What is the American Dream today? Despite the odds being stacked against them, Gen Z clearly isn\u2019t giving up on the goal of home ownership \u2013 at least not yet.<\/p>\n<p style=\"text-align: justify;\"><img decoding=\"async\" alt=\"home ownership is the immeadite financial goal for gen z\" src=\"https:\/\/s3.amazonaws.com\/blog.site\/images\/life%20of%20gen%20z%208_1707231769.png\" style=\"width: 100%;\"><\/p>\n<p style=\"text-align: justify;\">When asked about their financial goals, 29% of Generation Z respondents said that saving for a home was their immediate priority.\u00a0<\/p>\n<p style=\"text-align: justify;\">On the other end of the spectrum, another 29% of respondents said that living in the here-and-now was more important, and 12% said they prioritized travel and other once-in-a-lifetime experiences.<\/p>\n<p style=\"text-align: justify;\"><img decoding=\"async\" alt=\"in long term, gen z is focused on financial independence\" src=\"https:\/\/s3.amazonaws.com\/blog.site\/images\/life%20of%20gen%20z%209_1707232041.png\" style=\"width: 100%;\"><\/p>\n<p style=\"text-align: justify;\">On a longer-term horizon, though, the picture was slightly different. Asked about their life goals, 33% of respondents said they wanted to be financially independent<\/p>\n<p style=\"text-align: justify;\">Still, there are signs that the economic hardships are taking their toll on Gen Z, with 16% saying their biggest long-term financial goal was to become debt-free.<\/p>\n<p style=\"text-align: justify;\">Did having richer parents make a difference? Interestingly, our survey revealed one particularly crucial insight about the American Dream in the modern era.<\/p>\n<p style=\"text-align: justify;\"><img decoding=\"async\" alt=\"gen z without wealthy parents want to become rich themselves\" src=\"https:\/\/s3.amazonaws.com\/blog.site\/images\/life%20of%20gen%20z%2010%20(1)_1707232137.png\" style=\"width: 100%;\"><\/p>\n<p style=\"text-align: justify;\">Overall, those without wealthy parents were more likely to say they wanted to become rich themselves than those who had already grown up with money.<\/p>\n<p style=\"text-align: justify;\">Perhaps those luckier members of Generation Z are banking on a sizable inheritance to help them achieve home ownership? But will their more ambitious peers get there first?<\/p>\n<p style=\"text-align: justify;\"><strong>Methodology: <\/strong>To create this study, researchers from EduBirdie surveyed 2,000 people in the US within the Generation Z demographic. Participants within this age group were invited to share their experiences at random with no focus on particular genders, ethnicities, or backgrounds.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key takeaways Generation Z prioritize happiness at work, but want money too Generation Z are happy to sacrifice WFH, if it means getting a raise 1 in 3 Gen Zers prioritizes the happiness of others when it comes to career decisions 57% of Generation Z say that protecting their mental health is their biggest challenge [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[7],"tags":[],"entity":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Ambitions of Gen Z: Balancing Happiness, Work, and Financial Goals - EduBirdie.com<\/title>\n<meta name=\"description\" content=\"From career choices to life aspirations, discover how Gen Z is tackling the dilemmas of happiness vs. wealth and redefining success for a new era.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/edubirdie.com\/blog\/life-goals-of-gen-z\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Ambitions of Gen Z: Balancing Happiness, Work, and Financial Goals - 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