Who’s the largest generation in the United States? No, it’s not Baby Boomers or Gen X or Millenials, it’s Generation Z. Born between 1995 and 2015, they now outnumber Millenials on U.S. campuses
According to Statista, Gen Z accounts for 90.55 million people or 27.7% of the U.S. population.
Of course, Gen Z is the first generation to grow up from day one with smartphones and social media, so they value and live on this technology more than their predecessors. But did you know they are also a very pragmatic, value-driven, and time-stressed group that prizes authenticity?
Their top priorities, according to Financesonline.com, include getting a job (74%), graduating from college (74%), and saving money (71%). Only 14% consider themselves big spenders. Their biggest stressors are money (81%) and work (77%). Most (67%) want authenticity from companies, defined in large part by values and beliefs aligned with their branding.
According to the National Association of College Admissions Counselors, Gen Z students are entrepreneurial and desire practical skills as part of their education. 79% would like more internship opportunities integrated into their higher ed experience. They appreciate practical, real-life experience and want to make the world a better place. 72% say they want a more customized college experience where they can design their course of study or major.
Gen Z is also the most racially and ethnically diverse generation, with 52% identifying as white, compared to 61% for millennials. 25% identify as Hispanic, 6% Asian, according to EAB.
More Gen Zers are pursuing college than previous generations, much of this jump can be attributed to an increase in Hispanics, African-Americans, and women going to college.
Steven Mintz in Inside Higher Ed says that this generation is busy and time-stressed. Also, 70% report anxiety and depression as a major issue among their peers. Sadly, Axios and others, citing a recent report by the Journal of the American Medical Association, state that the suicide rate has risen 51% for this age group over the past decade. For the older half of this generation, it is the highest it’s been since at least 1999.
What does all of this mean for colleges and universities?
Mental Health Issues
Money
Authenticity
Technology
As the most ethnically diverse generation, please read our last blog post on “The Changing Student Demographics in 2020,” which offers ideas and successful examples for recruiting and supporting a more diverse student body.
Finally, if are you curious to read more on this topics, see our earlier post offering helpful tips on recruiting Gen Z.
One of the many benefits of working in higher education is being around so much youthful, ambitious, creative and dreamy energy, and Gen Z has no shortage of these. Going into 2020, let’s enjoy the fun and fulfillment of working with this energetic, connected, yet grounded group that wants to change the world.