Young people born between 1996 and 2010 (aged between 28 and 14) belong to Generation Z, while Millennials refer to those born between 1980 and 1995 (aged between 44 and 30). These distinctions are somewhat rigid because these categories consider differences of about 15 years between the two age extremes, and obviously, a teenager starting high school at 14 is very different from a 28-year-old who should already have years of work experience. The same goes for Millennials, where some have passed 40 years old while the other extreme is approaching 30.
So, keeping these differences in mind, it is still interesting to consider the data from a study conducted in 2023 by Deloitte to analyze these types of groups. The results were as follows:
Nearly half of Generation Z members (46%) and four in ten Millennials (39%) report feeling frequently stressed or anxious at work.
Their long-term financial futures, day-to-day financial availability, and the health/well-being of their families are the main sources of stress, as well as concerns about mental health and work-related factors such as high workloads, work-life imbalance, and unhealthy team cultures. Generation Z and Millennials are reporting increasingly high levels of burnout due to work-related pressures.
More than half of the participants acknowledge that their employers are taking mental health more seriously, and that their efforts to improve workplace mental health are having a positive impact. However, mental health support and resources are still underutilized, likely due to the social and workplace stigma that still surrounds them.
Generation Z and Millennials have conflicting feelings about the impact of social media on their mental health. Nearly half say they have a positive impact, but over 40% state that they make them feel lonely or inadequate and that they feel pressured by constant online presence.
