Understanding Gen Z's Trends in Salary Perception and Life Cost Implications
Trends in Salary Perception Among Gen Z
A new survey has highlighted that 87 percent of Generation Z workers think they are underpaid, even those earning six-figure salaries. Conducted by ResumeTemplates.com, the survey sampled 1,750 full-time employees aged 17 to 27. Only 13 percent of respondents believe they are compensated fairly.
Insights into Pay and Financial Stress
- Nearly one-third of underpaid respondents feel their salary should be between $70,000 and $100,000.
- 20 percent believe they deserve salaries exceeding $100,000.
- The majority earn less than $60,000, with 33 percent making under $30,000.
Many report financial stress, with 40 percent struggling to make ends meet on their current salaries. Among this group, 14 percent think a comfortable living requires salaries between $80,000 and $100,000.
Impact on Economic Perspectives
As economic issues dominate conversations leading up to the 2024 election, affordability remains crucial. A recent YouGov/Economist poll reveals inflation and living costs are pressing concerns for voters.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.