We often read how the youngest cohort of adults focus heavily on purpose and mental health, but that doesn’t mean they are not pursuing money.
The financial element of career choices is ranked alongside meaning and wellbeing by Gen Zs and Millennials as the top three foundations of happiness at work, according to a new report from Deloitte.
And those three factors are driving the intention among 31% of Gen Zs and 17% of Millennials to change employers in the next two years, especially given a rise in financial insecurity among these young workers.
In last year’s survey, only around three in ten of both generations said they felt financially insecure, but this has risen to almost half in 2025. And the data shows that where there is a lack of security around money, wellbeing is impacted and workers are less likely to feel that their work has meaning.
Conversely, 60% of financially secure Gen Zs and 68% of financially secure Millennials say they are happy. Only 36% of Gen Zs and 39% of Millennials with cost-of-living concerns say that they felt happy and eight in ten respondents say their long-term financial future and day-to-day finances as factors contributing to their feelings of anxiety and stress.
Cost of living continues to be the main concern of both generations for the fourth consecutive year of the survey and more than half say they are living paycheck to paycheck and almost four in ten struggle to pay their living expenses each month, and more than four in ten are concerned they won’t be able to retire with financial comfort.
“Gen Zs and millennials have been consistent about their priorities at work, but as the world of work shifts rapidly around them, employers need to rethink how they can best meet their needs,” continues Elizabeth Faber. “By being thoughtful about the impact of technology and modernizing the way work is structured, leaders have an opportunity to evaluate how the workforce is supported while advancing their organization.”
Rajesh Markan earlier this year pleaded guilty to one count of criminal fraud related to his sale of fake investments to 10 clients totaling $2.9 million.
From building trust to steering through emotions and responding to client challenges, new advisors need human skills to shape the future of the advice industry.
"The outcome is correct, but it's disappointing that FINRA had ample opportunity to investigate the merits of clients' allegations in these claims, including the testimony in the three investor arbitrations with hearings," Jeff Erez, a plaintiff's attorney representing a large portion of the Stifel clients, said.
Chair also praised the passage of stablecoin legislation this week.
Maridea Wealth Management's deal in Chicago, Illinois is its first after securing a strategic investment in April.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
