Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. Deloitte survey: Romanian Millennials & Generation Z expect...

Deloitte survey: Romanian Millennials & Generation Z expect worsening of economic situation and socio-political context 

July 21, 2022

The evolution of the economy and the social and political situation concern the Romanians of Millennials and Generation Z, who are expecting for the worsening of the economic conditions (59% of Millennials and 49% of those of Generation Z) and of the socio-political context (55% and 45% respectively) this year, percentages increasing by at least ten points compared to last year, according to a survey conducted by Deloitte."These prospects lead them to be more prudent about the job, so that the share of those who want to stay in the same company for more than five years has increased in the last year from 32% to 41% in the case of Millennials and from 21% to 42% among Generation Z, while the number of those who want to leave earlier than two years has fallen from 44% to 28%, respectively from 39% to 29%," shows Deloitte Global Millennial and Gen Z Survey 2022, conducted in 46 countries around the world, including Romania.The main concern for young Romanians is the increasing cost of daily life (51% of Millennials and 32% of Generation Z). However, young Romanians say that they can support their monthly expenses without difficulty (63% of Millennials and 57% of Generation Z). Generation Z representatives in Romania are also optimistic about retirement, with 55% confident that they will have a comfortable income at that time, while only 46% of Millennials have this conviction.On the other hand, the study signals that the proportion of Romanians who are stressed most of the time has decreased compared to last year by ten percentage points in the case of Millennials, to 34%, and by three percentage points, to 48%, for Generation Z.As regards the reasons behind the choice of an employer, the study mentions that it differs from one generation to another. For Millennials, the balance between work and personal life (44%) and development opportunities (37%) matters most, and those in Generation Z are more interested in salary and other financial benefits (31%) and the flexibility of working hours (28%).Currently, Romanian Millennials work mainly in the office (66%), while 24% work in a hybrid system and only 6% at distance, and 47% of those in Generation Z operate in hybrid system, 29% in the office and 22% remotely. For the future, Millennials would prefer to work more in the hybrid system (62%) and only 22% in the office, and those in Generation Z - 67% hybrid and 12% in the office.

The text of this article has been partially taken from the publication:
ActMedia
Read in full - click here
Iohannis, în Tirana: Romania is ready to continue supporting EU efforts to combat illegal migration along Western Balkan routes

Although Romania is not on the Western Balkan migration route and is not "a relevant source" of migrant flows within the EU, our country is ready to continue supporting the EU's efforts to combat illegal migration, President Klaus Iohannis told the EU - Western Balkans summit in Tirana on Tuesday."As far as migration is concerned, […]

Austria officially said "No" to Bulgaria and Romania in Schengen

Austrian Chancellor Karl Nehammer stated that Austria opposes the accession of Bulgaria and Romania to the Schengen area. He made this statement during the EU-Western Balkans summit in Tirana, https://www.novinite.com/ reports.   "The Minister of the Interior made it clear. There is no approval from Austria for the enlargement with Bulgaria and Romania. More time is needed. We have 75,000 unregistered illegal immigrants in Austria. […]

Chief of the Defense Staff, visit to Portugal: Situation on NATO's Eastern Flank on agenda of discussions

  Chief of the Defense Staff, General Daniel Petrescu was on an official visit to Portugal, Sunday to Tuesday, at the invitation of his counterpart, Admiral Antonio Manuel Fernandes da Silva Ribeiro, the officials analysing, in context, the regional security situation.The visit also included meetings with the Portuguese Minister of National Defense, Maria Helena Chaves […]

Interreg VI-A Romania- Bulgaria approved by European Commission

Interreg VI-A Romania- Bulgaria programme was approved by the European Commission, the Romanian Development Ministry announced. The programme has a budget of over 200 million euros and is devoted to communities from seven Romanian counties and eight Bulgarian districts.   The Development, Public Works and Administration Ministry declared, in a press release, that the Programme […]

Draft budget for next year is built on economic growth of 2.8%

The draft budget for next year is configured on an economic growth of 2.8%, in the context in which the economic shock caused by the pandemic is one of the most significant in recent history, shows the draft state budget law for 2023 published on Tuesday by the Ministry of Finance.The gross domestic product in […]

INSCOP poll: The majority of Romanians believe Romania of tommorrow will look better

A survey carried out by INSCOP Research reveals that the majority of Romanians believe that the Romania of tomorrow led by today's children will look better, as 54pct of the respondents shared this particular opinion, while 25.2pct said the situation in the country will get worse when led by the children today and 15.7% say […]