---- Title: Young Koreans more pessimistic about economy than global peers: Deloitte survey ---- ... Young generation suffers from financial anxiety ---- Image Caption: gettyimagesbank ---- ... Members of Gen Z and the Millennial generation around the world are generally concerned about financial matters, but Korea's younger generation appears to be more concerned and pessimistic about their financial and economic prospects than their global peers, a survey showed. These findings are according to Deloitte's 2022 Gen Z and Millennial Survey, the global firm's 11th annual research paper published on Thursday. The survey connected with 14,808 members of Gen Z _those who were born in between 1995 and 2003_ and 8,412 Millennials _those who were born in between 1983 and 1994_ from 46 countries over a two-month period from November 2021 to January 2022. It also conducted interviews in April of this year. A total of 501 Korean nationals, including 201 members of Gen Z and 300 Millennials, participated in the survey. The survey showed that Gen Z and Millennials' greatest concern is the cost of living ― housing, transportation and other bills ― with 29 percent of Gen Z and 36 percent of Millennials selecting it as their biggest worry. The ratio is much higher for young Koreans, with 43 percent of Gen Z and 49 percent of Millennials saying they're concerned about the cost of living. Korea's young generation also tends to be more pessimistic about the economy than their global peers with 43 percent of Korean members of Gen Z saying they think the nation's economic situation will worsened over the next year, while only 16 percent responded that they believe economic conditions will improve. In contrast, only 37 percent of non-Korean members of Gen Z said that they had a negative forecast for the economy, while 28 percent had a positive outlook