Additional Coverage:
- While boomers are unretiring, exhausted Gen Z and millennials are taking a ‘micro-retirement’ from their careers (newsbreak.com)
Young Adults Embracing ‘Micro-Retirement’ Amidst Burnout
Young professionals are increasingly taking extended breaks, known as “micro-retirements,” to cope with the stress and burnout of the modern workplace. This trend is partly inspired by the struggles faced by older generations, who are finding it harder to retire due to financial concerns.
Micro-Retirement as a Way to Combat Burnout
According to Gallup, only half of workers currently report feeling well-being in their lives, a decline attributed to the pandemic and changing work environments. Young adults, particularly Gen Z and millennials, are experiencing high levels of stress and burnout.
The Impact of Older Generations
While young adults are embracing micro-retirements, older generations are facing challenges in leaving the workforce. Gen Xers are facing financial uncertainty due to the decline of pensions. Boomers, despite their wealth, are opting for more frugal retirements as they face rising costs and the need to stretch their savings.
Redefining Work and Retirement
The struggles of older generations have influenced the perspectives of younger professionals. They are seeking more flexibility and are prioritizing their mental health and personal interests. Some are even turning down promotions to maintain a better work-life balance.
A Shift in Mindset
Young adults are embracing the idea of “microdosing retirement,” enjoying life while they’re young and planning for the future. They are recognizing that traditional retirement is not necessarily the only path and are exploring alternative ways to live and work.