Part 6/10:
Interestingly, while Gen Z faces significant financial obstacles, they are displaying trends that set them apart from older generations. This cohort has shown a propensity for job-hopping as a strategy to enhance their income, earning approximately 30% more by frequently changing jobs compared to remaining static in one position. Analysis suggests that younger workers are now commanding salaries that often mirror—or exceed—the average earned by their older peers.
Yet, rising pay is no silver bullet against inflation. Despite salary increases, Generation Z increasingly struggles with high costs of living that diminish their purchasing power. The historic inflation rates experienced during the pandemic have uprooted financial stability, particularly for new graduates.