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Young employees are destigmatizing discussions of “financial well-being” in the workplace.

Jul 27 2022

Young employees are destigmatizing discussions of “financial well-being” in the workplace. A recent study from insurance company Aviva found that while three-quarters of all employees in the U.K. have never discussed their financial well-being with their boss, Gen Z is bucking the trend: 39% of 18-24-year-olds have broached the subject compared to just 12% of 45-54-year-olds, hinting that the next generation of employees are “breaking down the stigma associated with talking to the boss about the ‘m’ word.” The survey comes in the midst of a major cost-of-living crisis in the U.K., which is affecting young people the most. A 2021 study found that young Brits pay more than twice as much as older generations for living expenses and YPulse found that economic issues are among the biggest issues young Europeans say they’re facing today. At the same time, though, many young Europeans changed jobs last year as they sought better work environments—and that includes workplaces where their needs are valued. As Gen Z continues to age up into financial independence, it’s likely we’ll continue to see them rewrite the rules of work and money. (The Independent)