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10/11/2024

How Debt Influences Gen Z and Millennial Career Choices

A new poll finds the majority of them say debt has impacted their career options

Even as the job market remains strong—with employers adding 254,000 jobs in September—some workers are still reeling from the impact of ongoing layoffs across the corporate world.

A new Harris Poll survey found that 28 percent of Americans are worried about losing their job before the end of the year, with younger workers showing even greater concern than their older counterparts. Among Millennials and Gen Z workers, more than a third of people surveyed—35 percent and 37 percent, respectively—were anxious about losing their jobs.

An Uncertain Future

These concerns seem to reflect a broader financial precarity that is disproportionately impacting younger workers, particularly Millennials. Many workers are making career choices influenced by their financial standing; according to the survey, 40 percent of U.S. adults say their debt has shaped their career decisions, whether that means staying in a job they dislike or delaying retirement.

Please select this link to read the complete article from Fast Company.

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