Generation Z, or Gen Z for short, is the cohort of people born between the mid-1990s and the early 2010s. They are often portrayed as lazy and entitled in the media, but is this stereotype fair or accurate? In this blog post, we will explore some of the common myths and realities about Gen Z and their work ethic, motivation, and aspirations.
Myth: Gen Z is lazy and unmotivated
One of the most prevalent stereotypes about Gen Z is that they are lazy and unmotivated, and that they lack the drive and ambition of previous generations. This perception may stem from the fact that Gen Z grew up in a world of rapid change, uncertainty, and crisis, which may have made them more cautious, risk-averse, and pragmatic than their predecessors¹. However, this does not mean that they are lazy or unmotivated. On the contrary, Gen Z is a generation of hard workers, innovators, and entrepreneurs, who are willing to learn new skills, adapt to new situations, and pursue their passions.
According to a survey by Deloitte, 60% of Gen Z respondents said they want to have a positive impact on the world, and 54% said they want to be leaders in their communities². Moreover, 41% of Gen Z respondents said they aspire to start their own business, and 46% said they have already started or plan to start a side hustle³. Some examples of successful Gen Z entrepreneurs are Jessie Kay, who started a digital marketing agency at age 16; Noa Mintz, who founded a nanny placement service at age 12; and Allan Maman and Cooper Weiss, who created a fidget spinner company while still in high school.
Myth: Gen Z is spoiled and entitled
Another common stereotype about Gen Z is that they are spoiled and entitled, and that they expect everything to be handed to them on a silver platter. This perception may stem from the fact that Gen Z is the most diverse, digital, and socially conscious generation ever, which may have given them a sense of empowerment, individuality, and authenticity. However, this does not mean that they are spoiled or entitled. On the contrary, Gen Z is a generation of realistic, resourceful, and resilient individuals, who are aware of the challenges and opportunities that lie ahead, and who are willing to work hard, save money, and make sacrifices to achieve their goals.
According to a report by Bank of America, 59% of Gen Z respondents said they are saving money for the future, and 47% said they have a budget or spending plan. Moreover, 24% of Gen Z respondents said they plan to pay for their education themselves, and 61% said they are willing to work while studying. Some examples of how Gen Z is saving money and making sacrifices are by renting, sharing, or subscribing to products and services instead of buying them; by opting for online or alternative education instead of traditional college; and by pursuing careers that align with their values and passions instead of chasing money or status.
Reality: Gen Z is a generation of change-makers
The reality is that Gen Z is not a lazy or spoiled generation, but a generation of change-makers, who are shaping the world with their creativity, innovation, and social responsibility. They are not satisfied with the status quo, but are constantly seeking new ways to improve themselves and their surroundings. They are not afraid to challenge the norms, but are open to different perspectives and experiences. They are not indifferent to the issues that affect them and the world, but are actively involved in finding solutions and making a difference.
According to a study by McKinsey, 69% of Gen Z respondents said they want to be more creative, and 65% said they want to learn new things. Moreover, 67% of Gen Z respondents said they want to make a positive contribution to society, and 63% said they want to have a meaningful impact on the world. Some examples of how Gen Z is changing the world are by creating new products and services that solve problems and meet needs; by using technology and social media to spread awareness and mobilize action; and by supporting causes and movements that promote social and environmental justice.
Conclusion
Gen Z is a generation that defies stereotypes and expectations, and that deserves respect and recognition for their achievements and aspirations. They are not lazy or entitled, but hard-working and motivated. They are not spoiled or selfish, but realistic and resourceful. They are not passive or indifferent, but active and engaged. They are a generation that is making a difference, and that is inspiring others to do the same...
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