A recent survey has found that a majority of Americans, most notably Gen Z, are going to ask for a raise this year as inflation continues to plague workers.
According to the survey conducted by the American Staffing Association and Harris poll, 53% of workers feel that their paycheck is not keeping up with prices that continue to rise or remain high due to inflation.
In total, the survey found that 66% of employees aged 18 to 27 intend to request a raise this year, along with 51% of Gen X and 42% of Boomers.
The survey comes as the generations continue to share different perspectives on the economy. A Redfield & Wilton Strategies survey from December found that only 41% of Gen Z workers felt $74,00 was considered a “middle-class salary.”
This was compared to 50% of Millennials, 61% of Gen X, and 73% of Boomers who felt the same way.
After two years of rough inflation that has forced Americans to pinch their pennies and bleed their savings, the younger generation is leading the charge in demanding more.
However, a majority or large chunk of Gen Z (50%), Millennials (53%), Gen X (41%), and Boomers (40%) feel their paychecks haven’t kept up with inflation, the poll found.
Richard Wahlquist, the CEO of the ASA, shared with Newsweek that this sentiment doesn’t come without pause, as younger generations are feeling financial pressures.
“The data may project a soft landing for the economy, but the bank accounts of America’s workers are telling a different story,” Wahlquist said in a statement.
Wahlquist added that US workers are “stressed about the adequacy of their paychecks,” with many worried about “their ability to save for their future.”