Roughly six in 10 Gen Zs (56%) and millennials (55%) live paycheck-to-paycheck - Deloitte’s report

Kaya Biz

GUEST - Lungile Mahluza, Chief People Officer at Deloitte South Africa
Deloitte’s 2024 Gen Zs and Millennial Survey report reveals unemployment and cost of living as top concerns for SA correspondents
47% Gen Z correspondence from South Africa reveal their top concerns is unemployment while 37% are concerned about the cost of living.
48% millennials correspondence from South Africa reveal their top concerns is unemployment while 43% are concerned about the cost of living.
Roughly six in 10 Gen Zs (56%) and millennials (55%) live paycheck-to-paycheck—up five points for Gen Zs and three points for millennials since last year. And around three in 10 say they do not feel financially secure.
Yet, there is cautious optimism that circumstances may improve. Just under a third of Gen Zs and millennials believe the economic situation in their countries will improve over the next year—the highest percentage since the 2020 Millennial Survey, fielded just before the onset of the COVID-19. And this optimism extends to their personal finances (48% of Gen Zs and 40% of millennials believe their finances will improve in the next year) Kaya FM