The number of full-time Gen Z workers in the U.S. is set to surpass baby boomers in the first few months of 2024, according to a new report from Glassdoor Economic Research.
According to Bloomberg, the report, released Wednesday, examined U.S. Census Bureau data, and found that the number of full-time Gen Z and boomer workers in the American workforce is currently about even.
As older workers continue retiring en masse and more young Americans reach working age, Gen Z is set to rapidly overtake the boomer generation, which made up the largest share of the U.S. workforce from the late 1970s until around 2011, according to the report.
Baby boomers are considered to be those born between 1946 and 1964, while Gen Zers are those born from the late 1990s until around 2012.
Gen Xers, born between 1965 and 1980, took over as the dominant working generation in the U.S. in 2012 before they were overtaken by millennials, born between Gen X and Gen Z, in 2018.
Millennials have since remained the dominant working generation, and won’t be overtaken by Gen Z until the early 2040s, the report estimates.
“The coming year will still represent a pivotal moment of cultural change that U.S. companies cannot ignore as Gen Z workers – who care deeply about community connections, about having their voices heard in the workplace, about transparent and responsive leadership, and about diversity and inclusion – make up a rapidly growing share of the workforce,” the report said.
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