07/01/2020

Deloitte Study: Millennials, Gen Z Showing Resilience Amid COVID-19 Crisis

They are adapting better than their older colleagues

With layoffs, mass protests and an uncertain future facing their generation, young people may have it tough right now, but they can see the flip side of the current coronavirus crises.

That’s a key finding from the 2020 edition of The Deloitte Global Millennial Survey, which also brings Gen Z into the mix. The annual report—made up of two separate surveys, one done last fall and a COVID-19-focused “pulse” update done this spring—highlighted continuing (if declining) stress and anxiety about the world at large, but an overarching sense of resilience.

“Last year’s Millennial Survey exposed a good deal of uneasiness and pessimism; perhaps surprisingly, the pandemic doesn’t appear to have exacerbated those feelings,” the report states. “In 11 of the 13 pulse countries, respondents actually expressed lower levels of stress than they’d reported in the primary survey five months earlier. Overall results also showed greater optimism about the environment, a strong commitment to financial responsibility and saving, and favorable views of the responses to the pandemic by government, business and their own employers.”

Please select this link to read the complete article from Associations Now.