When we talk about this generation, there are many things that one needs to know. Succeeding the Millennials, the Gen Z is all about the Future. While the Millennials were the beginning of the technological times, the Gen Z was born with many advanced technologies in hand and are also known as the first generation of digital natives. This generation is a very interesting piece of audience having seen a deadly worldwide pandemic and a cost-of-living crisis to struggle with in the initial years which has made a mark on their personality and values. Having said this, this generation has also been the source and inspiration for major and many positive changes in the world.
In the world of rapid growth and fast life, this generation knows the importance of finances and to a greater extent is financially focused. Despite a large percentage just starting their career, they are ahead of the previous generation in saving money. Unlike their Millennial counterparts who often need to love what they do; Gen Z understands that work is performed for financial reasons. If the decision came down to doing something they love or getting a more substantial paycheck, the paycheck will most often prevail even if it isn’t their dream job. They know about various schemes and tricks and tips to get the best out of their money in terms of investments and savings. This makes them a lot more independent and take control of how they spend the money without having to worry about the next stages of life.
The Gen Z are all about technology. For most of this generation, internet and cell phones were present at their birth. Any and all information is available to them easily. Technology was a start to limitless and smooth connections helping them connect all over the world. Social Media is a major part of their lives and even though majority part uses it for entertainment purposes a lot of the young Gen Z have made it possible to use technology and media for research purposes and to get to business with companies around the world at the tip of their fingers. Social media promotes the culture of travel and has made a significant impact on the travel economy of many places around the globe.
They know that any good idea that can make their lives a little easier, is going to fetch them money. The Gen Z is smart and is entrepreneurial. Many rags-to-riches stories have come from the technological boom. Being tech savvy and knowing that any information is available at a single click had made them bold enough to believe that they can take the risk of entrepreneurship and succeed.
Being a competitive generation, they compete not only with others but also themselves making them the better version of themselves every day. This competition has brought out the best and sometimes even the most advanced ideas from them. Having limitless information on their fingertips, they have lot of knowledge and wide exposure. They are thirsty of new ideas and experiences and are very likely to change direction on dime without a second thought giving the previous generations a hard time to catch up. The Gen Z welcomes change as their own. Change is the biggest constant and inspiration of their lives and makes it easier for them to adapt to various worlds easily.
The Gen Z has been born and brought up in a world of diversity. It is not a new concept to them. For them, race, colour, gender, religion etc. are not identifying characters. They will perceive you for what you are rather than who you are. For them diversity is the way of living. They have some of the most valued personalities of acceptance and tolerance.
One of the major differences in Millennials and Gen Z is that Gen Z want to be heard and work independently. They have strong opinions and expect to be an equal contributor to the discussions in workplaces and in everyday life. While the Millennials believed in collaboration, Gen Z being competitive, want to be the controller of their own destiny and success.
Gen Z are also changing the distinction between childhood and adulthood. Unlike the previous generation, they value education and their interests more than what the traditions would say. In today’s times, majority of the Gen Z population has been to good colleges and have landed up with good jobs to help them provide for anything they consider luxury.
Overall, with the constant and fast change in the world, the Gen Z are more likely to adapt faster and better than the previous generations, making them capable enough to play the card that they feel is going to make the world better and easier to live in. Being a more practical generation, taking a quick chance on life has resulted in many revolutionary discoveries and an advance level of knowledge has quickly and efficiently spread around the globe.
