Indian Gen Zs have a paying job, says study

According to the Deloitte study released on Thursday, a large proportion of Indian Gen Zs and millennials have a paying job in addition to their primary job, such as a social media influencer, working for a non-profit and selling products or services online.

According to the Deloitte Global 2022 Gen Z and Millennial Survey, the numbers were 62% among Indian Gen Zs and 51% among Indian millennials, much higher than the global averages of 43% and 32%.

35% of Gen Zs and 34% of millennials have a side job as a social media influencer, while 26% of Gen Zs and 31% of millennials work for a non-for profit organization. The sale of products and services through online platforms has been taken over by 25 percent of Gen Zs and 27% of millennials, while 24% of Gen Zs and 25% of millennials are pursuing artistic ambitions. The study found that financial concerns seem less present in India compared to the global average, with over two thirds of Gen Zs and around 8 in 10 millennials feeling confident that they will be able to retire comfortably and pay all their monthly expenses.

60% of the Indian Gen Zs said they felt financially secure, much higher than the global average of 40%. 74% of Indian millennials agreed to the statement, compared to 74% in the United States.

71% of Indian Gen Zs and 78% of Indian millennials are confident in retirement with financial comfort, well above the global averages of 41% on both counts.

The survey 2022 asked the views of 14,808 Gen Zs and 8,412 millennials 23,220 respondents from 46 countries across North America, Latin America, Western Europe, Eastern Europe, the Middle East, Africa and Asia Pacific.