Press Release
As Gen Zs and millennials move deeper into adulthood and leadership, they are reshaping how progress at work is defined, often prioritising stability, skills, and wellbeing before advancement, according to the results of Deloitte Global’s annual Gen Z and Millennial Survey. Now in its 15th year, the research draws on responses from more than 22,500 Gen Zs and millennials across 44 countries, alongside qualitative insights from business leaders.
“For fifteen years, this survey has captured how Gen Zs and millennials respond to change, and how they shape it,” says Elizabeth Faber, Deloitte Global Chief People & Purpose Officer. “They’ve already transformed work in tangible ways and are now making deliberate choices about when—and under what conditions—they pursue leadership and major life decisions. This year’s findings show that these generations are adaptable, pragmatic, and intentional about progress, even as economic pressure and rapid technological change raise the stakes.”
Financial pressure is reshaping personal and professional timelines
For the fifth consecutive year, cost of living is the top concern for both generations, far outpacing other societal concerns. Financial pressure is driving the “maybe later” trend for these generations: while they are ambitious, their financial reality has altered timelines for major milestones.
- Financial constraints are altering timelines: More than half of Gen Zs (55%) and millennials (52%) say they have delayed major life decisions, such as starting a family, furthering education, or launching a business, due to their financial situation.
- Housing affordability remains a significant constraint and influences career decisions: 69% of Gen Z and 64% of millennials say that the availability or affordability of housing has a direct impact on their career decisions and where they can work.
- Despite these pressures, financial optimism persists: 53% of Gen Zs and 45% of millennials expect their personal financial situation to improve within the next year.
Leadership remains attractive, but only if it’s sustainable
Interest in leadership is widespread, but not urgent. Consistent with last year’s findings, only 6% of Gen Zs and millennials say achieving a leadership position is their primary career goal. The hesitation is driven by concerns about the trade-offs that being in a leadership role may present.
- Gen Zs and millennials are making career choices that prioritise long‑term fit over short‑term advancement: Most Gen Zs and millennials favour steady progress (44% of Gen Zs and 45% of millennials) over rapid promotions (25% of Gen Zs and 21% of millennials), with some even willing to move laterally or take a step back to find the right role (21% of Gen Zs and 20% of millennials).
- Leadership is associated with wellbeing trade-offs: The most commonly cited barriers to leadership are stress and burnout (50% of Gen Zs and 49% of millennials), excessive responsibility (50% of Gen Zs and 48% of millennials), and concerns about work/life balance (41% of Gen Zs and 46% of millennials).
- Yet many still want senior leadership roles in the future: Three‑quarters of Gen Zs (76%) and two‑thirds of millennials (67%) say they are interested in pursuing senior leadership roles at some point in their careers.
AI adoption is accelerating faster than organisational readiness
Nearly three‑quarters of Gen Zs and millennials (74%) report using AI in their day‑to‑day work, up sharply from last year (57% of Gen Zs and 56% of millennials). While AI is widely viewed as an accelerant, helping improve efficiency, output quality, and work/life balance, some believe organisations are struggling to keep pace. And respondents are facing ‘digital fatigue’ exacerbated by an influx of digital tools which are often poorly integrated with legacy systems and workflows.
- Gen Zs and millennials are using AI as a career coach: These generations are using AI to identify learning and development opportunities (79% of both generations), seek career advice (72% of Gen Zs and 69% of millennials), and cope with work-related stress (67% of Gen Zs and 65% of millennials).
- There’s an AI readiness gap between workers and their organisations: Gen Zs and millennials feel they are adapting faster than their employers, as nearly one-third believe their organisation is not prepared for the changes AI will bring (30% of Gen Zs and 31% of millennials), and another one-third say the AI tools available to them at work are only somewhat or not at all sufficient (33% of Gen Zs and 32% of millennials).
- In a work environment shaped by technology, digital overload is a risk: More than half of respondents (58% of Gen Zs and 54% of millennials) report experiencing digital fatigue from constant alerts, tool switching, and multiple platforms.
A generational transition is approaching
As baby boomers retire, organisations face mounting pressure to preserve institutional knowledge, all while preparing for the arrival of Gen Alphas, who are expected to enter the workforce in significant numbers by the end of the decade.
- Knowledge loss is a real risk: Only 54% of Gen Zs and 60% of millennials say their teams could maintain performance if a key expert left tomorrow, citing limited incentives, time constraints, confidentiality concerns, and high turnover as barriers to effective knowledge sharing.
- AI’s impact on hiring is evolving: Nearly a quarter (23%) of respondents say AI is leading their companies to create new entry-level roles, though some remain concerned about AI’s impact on jobs with 20% of Gen Zs and 17% of millennials saying their organisations are scaling back entry-level roles.
- Gen Zs and millennials are optimistic about entry-level career development: When asked how AI usage is affecting entry-level jobs within their organisations, respondents most often said it’s enabling entry-level employees to gain experience faster (26% of Gen Zs and 28% of millennials), allowing them to focus on higher value work (25% of Gen Zs and millennials), and accelerating career growth potential (25% of Gen Zs and millennials).
“Gen Zs and millennials are adapting to a world that has demanded resilience early and often. They are moving forward thoughtfully, selectively, and on their own terms. How they navigate uncertainty—how they define success, weigh trade-offs, and engage with employers—will help set the norms that Gen Alphas encounter as they begin entering the workforce in a few years,” adds Elizabeth Faber. “This underscores a broader reality: what generations need, want, and expect from their work will continue to evolve, and the organisations that keep up will be those willing to evolve with them.”
The survey reflects the responses of 8,211 millennials, born between 1983 January and 1994 December, and 14,384 adult Gen Zs (born 1995-2007). It was conducted between November 2025 and January 2026, using an online, self-complete-style interview, followed by one-on-one, ethnography style, qualitative interviews, as well as in-depth interviews with business leaders on workforce trends and intergenerational dynamics.
Read the full report at https://deloi.tt/4fwFe8u
