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Young People Are Feeling Less Confident About Their Future
A new report from the National Centre for Vocational Education Research (NCVER) reveals that the health and life satisfaction of young Australians has declined.
Generation Z: life at 21 examines data from the Longitudinal Surveys of Australian Youth (LSAY) participants who commenced the program when they were 15 years old in 2015.
Findings show that, when comparing 21-year-olds in 2015 with 21-year-olds in 2021, those who felt happy about their future decreased to 79% (down from 88%), while those who were happy with their career prospects dropped to 76% (down from 84%). Those satisfied with the state of the economy decreased by 15 percentage points to 46% (down from 61%).
Additionally, those who reported having a disability or health problem that limits the type of study or work they can do, increased to 13% (up by 5 percentage points).
Financial hardship was also a concern for 21-year-olds in 2021, with 28% experiencing financial stress. One in eight went without meals, and one in seven did not get the medicines they needed or go to the doctor.
But the picture is not all negative, as the proportion of young people securing employment in 2021 grew after stagnating in 2020 due to the COVID-19 pandemic. The report shows that 87% of 21-year-olds were employed in 2021, an increase of 8 percentage points compared to when they were 20 years old in 2020. Of those employed, 34% secured full-time work while 56% were working part-time.
See full infographic report here.
Download related resources below:
- Generation Z at school
- Generation Z: Life at 17
- Generation Z: Leaving school
- Generation Z: Life after school
- Generation Z: Life during Covid-19
- Generation Z: Life at 21
Date posted Sep 29, 2022
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