How the cost-of-living crisis affects young people around the world
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By Douglas Broom
- Younger workers have been hit hard by the rising cost-of-living, according to a new survey.
- Gen Z and millennials are losing hope of owning their own homes and even starting a family.
- Recent research concludes we need better jobs and opportunities for all.
The world is suffering a cost-of-living crisis as inflation has surged and disposable incomes have been squeezed. The full impact on young adults has been highlighted by a new survey.
Consultants Deloitte polled 22,000 Gen Z and millennial respondents in 44 nations about the effect of soaring prices on their lives and found that the cost-of-living was the number one concern for both groups, ahead of worries about losing their jobs, climate change and mental health.
Deloitte’s 2023 Millennial and Gen Z Survey is the 12th annual snapshot of the lives of Generation Z (Gen Z) – people born between January 1995 and December 2004 – and millennials – people born between January 1983 and December 1994.
The study found t...
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