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Two-thirds of Gen Z and Millennials delay life decisions over finances
NZ🏛️ PoliticsCenter6 hr. ago

Two-thirds of Gen Z and Millennials delay life decisions over finances

A survey by Deloitte reveals that two-thirds of New Zealanders aged 18 to 44 (Gen Z and Millennials) are delaying major life decisions such as buying a home or starting a family due to financial pressures. This finding is based on a global survey of over 22,500 participants across 44 countries, including 501 in New Zealand. The study highlights that New Zealand's younger generation faces greater challenges compared to their global counterparts, with 65% affected locally versus 50% globally. Financial concerns, especially the rising cost of living, were identified as the main issue, impacting 56% of Gen Z and 46% of Millennials. Housing affordability was noted as a critical factor influencing career choices, with 72% of Gen Z and 70% of Millennials considering it a barrier. Additionally, the survey points out that New Zealand lags behind countries like Australia and the UK in adopting artificial intelligence, potentially limiting opportunities for younger workers.

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RNZ (Radio New Zealand) logoRNZ (Radio New Zealand)State / PublicCenter6 hr. ago
Two-thirds of Gen Z and Millennials delay life decisions over finances

A survey by Deloitte reveals that two-thirds of New Zealanders aged 18 to 44 (Gen Z and Millennials) are delaying major life decisions such as buying a home or starting a family due to financial pressures. This finding is based on a global survey of over 22,500 participants across 44 countries, including 501 in New Zealand. The study highlights that New Zealand's younger generation faces greater challenges compared to their global counterparts, with 65% affected locally versus 50% globally. Financial concerns, especially the rising cost of living, were identified as the main issue, impacting 56% of Gen Z and 46% of Millennials. Housing affordability was noted as a critical factor influencing career choices, with 72% of Gen Z and 70% of Millennials considering it a barrier. Additionally, the survey points out that New Zealand lags behind countries like Australia and the UK in adopting artificial intelligence, potentially limiting opportunities for younger workers.

Bias read (Center): The article presents statistical findings from a survey without overtly favoring any political perspective. It discusses economic and social trends affecting young New Zealanders, focusing on financial pressures and technological adoption. There is no clear ideological framing or biased language, as

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