When Gen Z becomes parents, what will life be like for their kids? This topic is one that hasn't been widely discussed, but will become important in the very near future. Therefore, I decided that it would be valuable to dive into the dynamics of Gen Z parenting. Today, I am presenting part one of this two part series on Gen Z parenting, in which I will elaborate upon the entrepreneurial household and education and career expectations.
The Entrepreneurial Household
Gen Z-ers are incredibly entrepreneurial individuals. According to the most recent statistics, 41% of Gen Z-ers plan to become entrepreneurs, 72% of high school students want to start their own company in the future, and 61% of college students would rather be entrepreneurs than employees. Therefore, it is entirely clear that the Gen Z parent will serve as a source of encouragement for their kids to pursue their ideas and thoughts in an actionable manner, rather than waving them off as childhood dreams. This will have implications for the next generation of children after Gen Z, who will be wired with the concept of innovation and creativity as key in terms of career prospects, and who will demote the notion of working under the purview of a controlling corporation.
Education and Career Expectations
The previous point leads me into the discussion about Gen Z's career expectations for their children. Traditionally, the Gen X/Baby Boomer parent would expect their child to enroll in university, get a degree, and hop onto the corporate bandwagon. However, the Gen Z parent will not advise this approach for their child. Gen Z understands the importance of education; however, because of the incredible volatility that the digital economy will bring, and the various new industries that will appear thanks to digitalization, Gen Z recognizes that a degree earned yesterday might become obsolete tomorrow. Instead, there will be an emphasis on dynamic skills, all of which the Gen Z parent will encourage their child to learn digitally (online). Right now, Gen Z is already making great use of YouTube, Coursera, Khan Academy, and more to learn important skills that are simply not administered in a college setting. The same will apply to the next generation of children, and Gen Z will encourage this type of learning. Moreover, as alluded to earlier, Gen Z will not expect their children to pursue corporate careers, but rather, to truly pursue their passions and make an impact in the world.