Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

Money

Gen Z are choosing mental health over work

Published

on

Young employees are increasingly opting to take “mental health days” off work, citing rising levels of common mental disorders such as anxiety and depression.

A report indicates that individuals in their early 20s are significantly more prone to calling out of work for mental health reasons compared to older generations, sparking worries among job experts.

The report, which sheds light on the surge of CMD cases among Gen Zers, attributes the rise to various everyday stressors including relationship issues, work pressure, and the omnipresent influence of social media.

Surprisingly, a notable number of young adults are even choosing to remain unemployed, prioritising mental well-being over workforce participation.

Escalating trend

Analysts from the Resolution Foundation, a UK-based economic and social policy think tank, expressed concern over the escalating trend of youth worklessness due to mental health issues.

They highlighted that individuals in their early 20s are now more likely to be out of work due to ill health compared to those in their early 40s, marking a worrying shift in employment patterns.

According to a three-year investigation cited in the report, over 34% of Gen Z individuals experience symptoms of CMD, a significant increase from 2000 when only 24% reported feeling burnt out by the strains of daily life.

Factors such as the COVID-19 pandemic and the pervasive influence of social media are believed to have exacerbated the mental health challenges faced by youngsters.

Mental health

The report notes a doubling in the number of young people aged 18 to 24 who are out of work due to ill health over the past decade, with mental health problems being cited as the primary health issue for two in five young adults between 2020 and 2023.

The data suggests a gender disparity, with young women being over 1.6 times more likely to experience CMD compared to young men.

This gap has widened since the early 2010s, indicating a growing burden of mental health challenges among young females.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

Continue Reading

Money

Will Australia’s foreign investment rule create an economic boost?

Published

on

Australian Treasurer Dr. Jim Chalmers announced an overall of foreign investment rules ahead of the budget.

Australia is set to announce a significant decline in its projected gross debt, signalling a more optimistic outlook for the country’s fiscal health.

The Airport Economist, Professor Tim Harcourt at UTS joins to discuss.

Continue Reading

Money

Research key to investment success

Published

on

What is the importance of research in the investing and super landscape in Australia?

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by Peter Green, Director of Research at Lonsec Research. #wyld money

Continue Reading

Money

Why “stagflation” will be the greatest financial threat of 2024

Published

on

With inflation soaring and economic growth tapering off, concerns about stagflation are on the rise

Stagflation, a situation characterised by high inflation coupled with stagnant economic growth, presents a unique challenge that many are ill-prepared to face.

Mark Wyld from MW Wealth joins to unpack what defines “stagflation”. #featured

Continue Reading

Trending Now