Economist Mike Walden: Gen Z

This is Mary Walden with economist MW, welcoming you to the economic perspective.   Today’s program looks at Gen Z.  Mike, the up and coming generation is labeled Generation Z, or Gen Z for short.  Depending on whose definition you use, these are individuals born after 1995 or 2000.  Regardless, they grew up with technology, saw first-hand the war on terror, the Great Recession, and the shifting job market.  What kind of attitudes do they bring that impact the economy?

They’re serious – compared to previous generations, they don’t engage in as many potentially destructive behaviors

They’re also focused on education as a way to get a good job

For example, compared to our comparable generation from the 1960s, 3 times as many Gen Z’ers think being financially well-off is important, and one-third fewer spend time partying in college

They are also wary – some say scared – of their surroundings, and therefore are cautious

If keep these attitudes, should make for effective workers, but perhaps one issue being a lack of social interaction – at least compared to previous generations

And I’m Mary Walden for the Economic Perspective, an NC State Extension program from the Department of Agricultural and Resource Economics.