Research in the United States suggests The new generation, especially Gen Z, dare to ask their close friends and colleagues about their salary. reflect concerns about income that may not be enough to cover costs But at the same time raise awareness of gender income inequality. lead to changes in income
Research in the United States suggests The new generation, especially Gen Z, dare to ask their close friends and colleagues about their salary. reflect concerns about income that may not be enough to cover costs But at the same time raise awareness of gender income inequality. lead to changes in income
point salary For the older generation, it may be seen that discussing this issue “bad manners” it should not be discussed (apart from the aunt next door who may ask you because I want to show my child’s salary) but for Gen Z Then this is a normal matter that can be discussed in conversation.
According to a new survey by GOB Banking Rates Publications about personal finance Using a sample of 1,000 Americans, it was found that 37% of Gen Z, or those aged 18-24, responded to the questionnaire. Said they asked a close friend how much he was earning.
while the peopleMillennials Or people aged 25-34 asked for a salary, only 27% of the groupGeneration Y 25% of respondents aged 35-44 discussed salary with close friends, and only 4% of respondents over 65 made salary part of the conversation.
“Older people were taught not to talk about money. because it is prohibited But the new generation is more open to talking about various issues and doesn’t mind talking about money. since the expenses they have to pay to the monthly income,” says ethics expert Elaine Swann.
- Young people worry about spending money.
open conversation Money is important among young people It was a reflection of his deep concern about money. which is an important factor in life According to a survey by Deloitte, a network of financial advisers, Millennials and Gen Z are the main concern about the cost of living, while over 50% of Gen Z agree that they are worried about not earning enough to cover their expenses.
when something disturbs the mind We have to take these things out. Swann adds, “These days, social media plays a very important role in how people share their daily lives. Of course, sometimes we want to show others the good things in life. What did you eat today? What important events happened? how do you feel now and sometimes We also share our problems on social media. Makes the scope of the issues shared on the online world widen. That includes money too.”
From a survey of GOBankingRates also found that young people don’t just ask their close friends for their salary. But more than 39% of Gen Z respondents said they had asked their colleagues about their salary.
Meanwhile, 30% of Millennials aged 25-34 and 24% of Millennials aged 35-44 said they had asked their colleagues about their salary. Shows that the proportion of people who talk about such things in the past is less than the younger generation. And this is even more evident compared to older adults, with only 14% of Gen X, or those aged 45-54, and 12% of Baby Boomers, or those aged 55-64 asking for wages with colleagues only.
Danitha Doe, Chief Economist at Clever Real Estate, a real estate broker search platform. comment on whether Gen Z will continue to be open about their salary as Gen Z gets older. I wonder what the number of people asking about salary will be. And I don’t think we should be able to compare different generations. because the wages are different.”
- conversations create change
since he was drafted”transparent wage lawThe New York City Pay Transparency Act has raised awareness of wages in recent years in the United States. Young people are trying to demand from their employers.pay fair wagesin all genders, races and ethnicities
According to the US Bureau of Labor Statistics, while men earn $1 full time, women only earn $0.82. but for women of color The pay gap is even wider. Because black women earn only $0.64, while Hispanic women earn only $0.57.
Swann states that silence only worsened the income gap. “Whenever people keep quiet and don’t talk about the problems they face. Then inequality will occur. like today.”
However, the income situation of the younger generation, especially among women, appears to be improving. This is clear from the results of a March poll conducted by the Pew Research Center, a non-partisan American polling organization. Analyzing data from the US Census Bureau found that the income of women under 30 in 22 of the 250 largest cities was greater than or equal to the income of men of the same age. by in New York City and Washington, DC Women’s incomes are higher than men’s.
“Income gaps arise from measurable factors such as educational attainment. occupations that are limited to a specific gender and work experience As more women have access to these factors, As a result, the income gap between the sexes has decreased.” the study noted.
However, if you look at the country as a whole, the majority of women’s incomes are still lower than men’s. and the income gap for women of colour. Be it Asian women, blacks and Hispanics. With men, it is wider than before. because they tend to get jobs with low wages
The report also said that Men’s and women’s earnings are roughly the same only during the first year of entering the labor market. But when time goes by The gap between that income gets wider. On average, income in 2000 for women aged 16-29 was 88% of that of men. But comparing 19 years later, it was found that the wages of women aged 35-48 had moved to 80% of men’s income.
Swann thinks that talking about young people’s income is a time of change. “The ban on talking about pay is an old taboo. I find it useful to discuss salary with colleagues and social media. can empower others to claim what they deserve.”
As Doe said, “Gen Z dares to say things that other generations dare not. especially aboutincome inequality Because they understand that economic equality is essential in building a peaceful society.”
