Majority of Millennials Willing to Take Pay Cut for Better Work-Life Balance

Survey reveals a shift in priorities among younger workers, with 60% of American millennials ready to sacrifice 20% of their income for a slower-paced life.

• According to a recent survey, 55% of millennials worldwide and 60% of American millennials are willing to take a 20% pay cut for a better work-life balance.
• Contrastingly, only 43% of Gen Xers and 33% of Baby Boomers would consider taking a pay cut for a better work-life balance.
• Despite the desire for a better work-life balance, whether young workers can afford to accept lower salaries depends on their individual financial circumstances and the broader economic environment.
• The housing crisis is cited as a reason for job seekers prioritizing happiness over pay, as younger employees don't see a close link between career advancement and their ability to get on the property ladder.
• 77% of all respondents prioritize a balanced personal life over advancement at work, with most respondents reporting fear over their future due to climate change and AI.

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