Nearly half of Millennials and Gen Z are stressed all or most of the time, according to Deloitte study (2024)

Nearly half of Millennials and Gen Z are stressed all or most of the time, according to Deloitte study (1)

The pandemic took a heavy toll on the mental health of millennials and Generation Z, a new study has found. According to theDeloitte Global 2021 Millennial and Generation Z Survey, four in ten millennials and Gen Zs are stressed all or most of the time, and about one-third of them had to take time off work due to stress.

The survey was conducted among 23,000 people in 45 countries, including Ireland, and participants were born between January 1983 and December 2003.

Despite experiencing high levels of stress, millennials and Gen Zs haven’t talked to their employer about it.

According to the survey, only 32% of millennials and Gen Z have spoken to their employer about pandemic-induced stress, while 41% said that their employer did not take any measures to support their mental health during the pandemic. According to a Deloitte representative, it’s critical that businesses understand the struggles that their workers are going through because of the pandemic and foster a culture that promotes their wellbeing. This is backed up by numerous studies which state that poor mental health can affect work productivity and even lead to anxiety and depression. Although there has been more awareness on mental health in the past years, stigma still remains, and businesses will have to address this.

Being able to talk openly about stress and other mental health concerns is important in any modern workplace, and failing to build this kind of culture could cost employers. The survey also analysed the job loyalty of millennials and Gen Zs and found that, compared to previous years, more respondents said that they planned to leave their current workplace in the following two years. For example, only half of millennials and Gen Zs said that their current jobs align with their personal beliefs and ethics. Less than half of respondents believed that businesses have a positive impact on society.

As for the reasons why millennials and Gen Zs are feeling stressed, the survey found that financial insecurity is one of the leading causes, with two-thirds of respondents saying that they often worry about their financial situation. Other reasons for being stressed included fear of their loved ones getting sick, family welfare, having fewer job prospects because of the pandemic, and witnessing devastating global events.

Stress levels have increased consistently during the pandemic.

Millennials and Gen Z aren’t the only ones who have experienced higher levels of stress due to the pandemic. A study conducted in Ireland this year also found that the number of people who struggled with their mental health during the pandemicwas four times higher compared to previous years. The biggest jump was reported among female respondents: if in 2017, only 9% of women reported experiencing mental health issues, during the pandemic, that percentage increased to 43%. Worryingly, 46% of respondents said they preferred to hide mental health struggles from family and friends, and most were from young age groups.

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Nearly half of Millennials and Gen Z are stressed all or most of the time, according to Deloitte study (2024)

FAQs

Are Gen Z more stressed than millennials? ›

Researchers say there's evidence Gen Z's mental health struggles are different. Compared with older generations today, the Gallup-WFF study said members of Gen Z are much more likely to report experiencing negative emotions such as stress, anxiety and loneliness.

What percentage of millennials feel stressed or anxious all or most of the time? ›

Share of millennials worldwide who were always stressed, 2020-2022, by gender. In 2022, around 41 percent of millennial women and 36 percent of millennial men worldwide reported feeling stressed all or most of the time.

Which generation has the most stress? ›

On a scale from one to 10, generations reported stress at these levels:
  • 75 years and older – 3.3.
  • Baby Boomers – 4.0.
  • Gen X – 5.2.
  • Millennials – 5.6.
  • Gen Z – 6.1.
Sep 7, 2023

Which age group is the most stressed? ›

CharacteristicStressAnxiety
18-2466%12%
25-3464%10%
35-4457%8%
45-5449%5%
2 more rows
Nov 29, 2023

Who suffers from stress the most? ›

Women more likely to be stressed than men

According to the HSE's figures, for the period 2011-12, 2013-14 and 2014-15, men aged 16-24, 35-44, and 55 and over, had “statistically significantly lower rates of work-related stress” than the average. By contrast, women aged 35-44 and 45-54 had “significantly higher rates”.

Why are anxiety rates rising for Gen Z and millennials? ›

This is heavily influenced by the increasing use of technology and the effects of social media, like FOMO, pressures of social comparison, and the immediacy of results. School, politics, school shootings, and financial worries are also deciding factors of mental health issues among this age group.

What is the difference between Gen Z and millennials? ›

Millennials were born between 1981 and 1996 while members of the Gen Z years Gen Z years were born between 1997 and 2012. Millennials expect faster customer service. Gen Z tends to be better at accepting delayed gratification than millennials. Millennial customer service expectations are higher than Gen Z customers.

Which generation is struggling the most? ›

Not just growing pains: Gen Z reports suffering more than other generations did at their age. A new study from Gallup shows a crushing youth mental health crisis, because teens are more tuned in than ever.

Are millennials the most anxious generation? ›

So it's no surprise recent studies have declared millennials, especially women, the most anxious generation in history. Anxiety comes in many forms, but the simplest way to describe it is feeling worried or nervous about the future or uncertain situations.

Who statistics on stress? ›

According to the Gallup Global Emotions report for 2021, almost 190 million people worldwide experienced significantly higher stress in 2020 than in previous years, largely due to the COVID-19 pandemic.

What time of year are people most stressed? ›

The year is winding down, the calendar is filling up with activities and get-togethers, and items on the to-do list are mounting. Nearly half of Americans say they feel more stress and anxiety during the holiday season than any other time of year. Additionally, 41% feel depression symptoms arise.

What age does stress decrease? ›

“A 25-year-old is much grumpier on the days when they experience a stressor, but as we age, we really figure out how to decrease those exposures,” said Almeida, who noted that daily stress steadily decreases until mid-50s, when people are the least affected by stress exposures.

What is the most traumatized generation? ›

Generation X, the cohort born between the early 1960s and late 1970s, leads in experiencing financial trauma, with 74% reporting challenges, closely followed by millennials at 71%, Generation Z at 64%, Baby Boomers at 63% and the Silent Generation at 60%.

Is Gen Z the most emotional generation? ›

This incidence of negative emotions is particularly high among Gen Z, which reports rates of anxiety, stress, sadness and loneliness at least seven percentage points higher than those of millennials, Gen X, baby boomers and the Silent Generation.”

Why is Gen Z the hardest generation? ›

Gen Zers are having a harder time making ends meet, let alone building wealth. Roughly 38% of Generation Z adults and millennials believe they face more difficulty feeling financially secure than their parents did at the same age, largely due to the economy, according to a recent Bankrate report.

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