Adult Viewpoints 2019: Economic Security and Advancement in the Workforce

The U.S. workforce is facing unprecedented changes and the causes are numerous. Some drivers of change include technological advances, demographic shifts in the U.S. population, globalization of industry, and a continued movement toward a domestic knowledge economy. As the landscape changes, it’s the employees of U.S. organizations who will be hit the hardest: jobs will be outsourced, many career fields will become obsolete, and in-demand skills will radically change.

Champlain College Online commissioned a survey of U.S. adults in the workforce representing three generations in order to assess working American adults’ perspectives on these shifts, and to better understand how the multigenerational workforce is responding to the challenges posed by a changing economy.

In this survey, we gained insight into the perceptions of three generations (Millennials, Gen Z, and Baby Boomers) of American adults in the workforce on a variety of topics, including:

  • Personal financial security compared to their parents
  • Career outlook
  • Advancement prospects in the workplace
  • Willingness to pursue new job opportunities
  • Various career advancement activities, including going back to school

Download the full survey report

Almost half of the workforce feels financially insecure

48% of respondents describe themselves as “somewhat” or “very” financially insecure.

Respondents worried their jobs will become extinct

One in four (25%) respondents feel their current job is at risk of becoming extinct.

Woman sitting at table at home with laptop

Respondents feel parents were more secure

40% of respondents felt less financially secure than their parents at the same point in their lives.

Higher level of education resulted in increased financial security

51% of those with a master’s degree or higher say that they are “somewhat” or “very” secure.

Download Full Survey Report

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Press Release: Survey Reveals Almost Half of the U.S. Workforce Feels Financially Insecure in Today’s Job Market

48% of respondents describe themselves as “somewhat” or “very” financially insecure and one in four (25%) feel their current job is at risk of becoming extinct, most are willing to invest in continued training and education to advance their career prospects. Read the full press release >

Person using calculator

Generational Perceptions of the Actions People Take to Transition to New Jobs/Careers

Survey reveals that perceptions of what actions can be taken to transition into a new job or career differ greatly by generation. Check out the infographic >

Two generations of women at work computer