Millennials Have Higher Job Satisfaction Than Boomers, But Boomers Lead Happier Lives

Millennials’ Satisfaction with Their Jobs Doesn’t Increase Overall Happiness

Worthington, OH – July 30, 2013
Two in five (38.6%) Americans are satisfied with their current job situation according to a Prosper Insights & Analytics™ analysis of the latest American Pulse™ data. With a Job Satisfaction Score of 102.6, Millennials have a markedly higher rating than Boomers (92.6). The scores are an index to Adults 18+ of an aggregate job satisfaction score, which includes four key areas: benefits, work/life balance, compensation, and position/job within a company.

Millennials seem to be more satisfied on all employment fronts when compared to Boomers. Higher satisfaction regarding benefits, work/life balance and compensation drives the Millennials’ Job Satisfaction Score. On the other hand, Boomers tend to be less satisfied regarding each of these different categories. Additional analysis reveals that dissatisfaction with insurance, stress level, and growth opportunities are negatively impacting Boomers’ overall score.

July 2013 Job Satisfaction Scores by Category – Indexed to Adults 18+
Benefits
Millennials–105.4
Boomers–89.5

Work/Life Balance
Millennials–100.8
Boomers–93.6

Job/Position
Millennials–97.6
Boomers–95.4

Compensation
Millennials–108.6
Boomers–91.1

Source: Prosper Insights & Analytics™
To be read as: Score of 100 is flat to Adults 18+; Score of 105 indicates score is 5% higher than Adults 18+.

While Millennials tend to be satisfied with their job, they are not necessarily happier with their life. This month’s Happiness Indicator (indexed to Adults 18+) for the youngest generation is tracking at 93.1, which is the lowest of all groups. Boomers are happier than the younger generation with a score of 102.8. While Shawn Achor, CEO of Good Think Inc., believes that the secret to better work performance is happiness, Prosper’s analysis indicates that happiness doesn’t necessarily lead to higher job satisfaction. Either way, it looks like both generations have something to learn from each other.

Click here for complimentary infographic.

These insights derive from the June American Pulse™ Survey, conducted by Prosper. The survey included 2,537 respondents from both the American Pulse and Critical Mix survey panels. Margin of error is +/- 2.0% at a 95% confidence level.

Prosper Insights & Analytics™
Prosper Insights & Analytics provides advanced business intelligence using sophisticated analytical software to examine big datasets and provide answers to executives via its cloud-based InsightCenter™ platform powered by Prosper Technologies. By integrating a variety of data including economic, behavioral and attitudinal data, Prosper Insights & Analytics delivers insights for executive decision making. Further, it is continually identifying unique insights through analytics to enable marketers to make knowledge-based decisions rather than relying on intuition. To learn more: http://www.ProsperDiscovery.com.

Critical Mix™
Market research and consulting firms around the world rely on Critical Mix’s easy-to-use survey and sample solutions to help them make informed business decisions faster. And it’s our goal to continue to develop new and refreshing approaches to meet the increasingly complex needs of the market research industry. Critical Mix was founded by Hugh Davis and Keith Price and is headquartered in Westport, CT: http://criticalmix.com/.

Contact:
Prosper Insights & Analytics
Chrissy Wissinger, Director, Communications
chrissy(at)goProsper(dot)com

Pam Goodfellow, Consumer Insights Director
pam(at)goProsper(dot)com
614-846-0146

Critical Mix
Gary Elstein
gelstein(at)criticalmix(dot)com
312.285.0395

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