Let’s take the time to organize the meaning and characteristics of the MZ generation today. It’s one of the words you’ve heard a lot while working at work these days, or when your co-workers say they’re the MZ generation. Today, let’s learn more about the meaning, definition, and characteristics of the MZ generation.
MZ generation meaning
Millennials born between the 1980s and early 2000s and Generation Z born between the mid-1990s and early 2000s are called the MZ generation. At the current age, you can say that they are in their 20s and 30s. They are familiar with the digital environment such as mobile phones and the Internet, and they are flexible with changes and seek new and exotic things.
Also, they do not regret the money or time spent on the things they like. By 2020, the MZ generation accounted for 33% of the world’s population, but considering that the proportion will decrease as the population declines in the future, some predict that it will account for more than 50% by 2040.
Because the MZ generation pursues fun and convenience on the platform, there are cases that have shaken the financial industry. Although they have little income or assets, they are active in consumption and investment with bold leverage (loans), and they have led the rise of stocks and cryptocurrencies with ‘Youngkkul (loans that attract souls)’ that you may have heard of.
MZ generation consumption characteristics
1. Pursue the difference even if you buy one. It is to show that you are different from others. In addition, they have the characteristics of actively consuming and creating their own tastes, and they are accustomed to creating new relationships with others by sharing their own originality rather than enjoying it alone.
2. They boldly open their wallets for products they like or suit their taste, and enjoy reselling luxury clothes or shoes. There is also an analysis that the MZ generation, which has a different consumption propensity than before, will further develop the luxury goods market.
3. Generation MZ hates being outdated. In addition, the MZ generation is a generation that puts sincerity into health and body management more than any other generation, and is thorough in self-management.
4. The MZ generation enjoys making everything into play, and one of the new words that characterizes the MZ generation is the word FLEX. But these days, ‘gourmet flex’ is also popular, and it has become a culture to enjoy a meal at a high-end restaurant and post a proof shot on social media.
MZ generation values
The MZ generation, who grew up under the strong support of their parents, is also showing strong individualistic tendencies. Some say it is selfishness, but for the MZ generation, individualism is defined as ‘taking care of oneself’. Individualism is especially prominent among Generation Z, and their voice is clear, which leads to a desire for active communication.
I have no hesitation in not only communicating with the people next to me and acquaintances, but also confidently asking for feedback from my workplace, company, or CEO.
They also have a strong tendency to protect personal privacy, so it is the tendency of the MZ generation to prefer an independent and free-spirited personal life without business contact after work.
Also, contrary to the parents’ generation and the older generation’s perception that going to college is essential, for the MZ generation, university is ‘education can no longer be a social ladder.’ has awareness.
MZ generation job
The MZ generation dislikes the ranking of jobs and does not care much about the size of companies and institutions or whether they are full-time or non-regular. This is because they prefer securing personal time to material rewards. In a way, you can see that work-life balance is more important.
For the MZ generation, changing jobs is a very natural thing, and they have a habit of seeking better compensation and work, and immediately leaving the workplace that does not suit them. They may even leave the company by refusing it altogether. (absence without notice, leaving the company, etc.)
For the MZ generation, work is not just a means of livelihood, but a way of self-expression. Therefore, in Korea, it is said that the MZ generation lacks social skills.
So today, we learned about the meaning, characteristics, values, and jobs of the MZ generation. However, this is a characteristic of the MZ generation, and not all MZ generations are like that, and it is not absolutely clear that they have these characteristics. I hope that my post on the MZ generation has been helpful and I will see you in the next article. thank you!