In 2020, over 60 percent of Gen Z worldwide said that they would feel less stressed about their overall financial situation if they were offered financial wellness benefits. Such financial wellness benefits include student loan repayment assistance, and unlimited paid time off (PTO). Only 39 percent of part-time workers in the U.S. had paid vacation, and only 45 percent had access to paid sick leave as of March 2020.
Share of Gen Z and Millennials who would feel less stressed about their financial situation if their employer offered financial wellness benefits worldwide in 2020
The source provided the following list of financial wellness benefits to the respondents:
1. 401(k) retirement plan with match
2. Student loan repayment assistance
3. 401(k) retirement plan without match
4. Unlimited PTO
5. Tuition reimbursement
6. Assistance planning for college expenses (e.g. 529 College Savings Plan)
7. Access to financial counseling
The survey had 2,050 respondents overall, but the source does not specify the number of Gen Z and Millennial respondents.
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Forbes. (September 15, 2020). Share of Gen Z and Millennials who would feel less stressed about their financial situation if their employer offered financial wellness benefits worldwide in 2020 [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1174064/stress-financial-wellness-genz-millennials-global/
Forbes. "Share of Gen Z and Millennials who would feel less stressed about their financial situation if their employer offered financial wellness benefits worldwide in 2020." Chart. September 15, 2020. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1174064/stress-financial-wellness-genz-millennials-global/
Forbes. (2020). Share of Gen Z and Millennials who would feel less stressed about their financial situation if their employer offered financial wellness benefits worldwide in 2020. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1174064/stress-financial-wellness-genz-millennials-global/
Forbes. "Share of Gen Z and Millennials Who Would Feel Less Stressed about Their Financial Situation If Their Employer Offered Financial Wellness Benefits Worldwide in 2020." Statista, Statista Inc., 15 Sep 2020, https://www.statista.com/statistics/1174064/stress-financial-wellness-genz-millennials-global/
Forbes, Share of Gen Z and Millennials who would feel less stressed about their financial situation if their employer offered financial wellness benefits worldwide in 2020 Statista, https://www.statista.com/statistics/1174064/stress-financial-wellness-genz-millennials-global/ (last visited November 21, 2024)
Share of Gen Z and Millennials who would feel less stressed about their financial situation if their employer offered financial wellness benefits worldwide in 2020 [Graph], Forbes, September 15, 2020. [Online]. Available: https://www.statista.com/statistics/1174064/stress-financial-wellness-genz-millennials-global/
