By                    Yaёl Bizouati-Kennedy

Gen Z Is Most Likely To Have Discussed Salary With Friends and Colleagues

When asked, “Have you asked your closest friends how much money they make?,” 37% of Americans ages 18 to 24 said they had. That percentage declines as age increases: 27% of Americans ages 25 to 34, 25% of Americans ages 35 to 44, 17% of Americans ages 45 to 54, 14% of Americans ages 55 to 64 and just 4% of Americans ages 65 and older said they had asked their closest friends how much money they make.

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A similar age-related decline in salary transparency among co-workers was found. When asked, “Have you asked co-workers how much money they make?,” 39% of Americans ages 18 to 24 said they had, compared to 30% of Americans ages 25 to 34, 24% of Americans ages 35 to 44, 14% of Americans ages 45 to 54, 12% of Americans ages 55 to 64 and 4% of Americans ages 65 and older.

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Gen Z Views Salary Transparency as a Way To Combat Pay Inequality

A separate survey conducted by LinkedIn Pulse shed some light on why Gen Z is more willing to discuss salary with others. It found that 81% of respondents in Gen Z believe that sharing their earnings information will lead to better equality in pay, compared to 75% support from millennials and 47% for Generation X.

Meanwhile, only 28% of baby boomers say it will lead to better equality, with 42% entirely disagreeing with the premise.

“Younger members of the workforce view pay transparency as a critical way to determine the commitment their employer is making toward them and their future with the company,” Walden said. “Gen Z and millennials also crave and receive real-time transparency into everything, including their earnings, to gauge their own personal spending power. This transparency speaks to the shift in the relationship between employer and employee where open communication and honesty has become paramount.”

These findings also align with the 2022 Compensation and Culture Report from compensation software company Beqom, which found that in the U.S., candidates reported that if job descriptions were transparent about the benefits and perks offered (81%) and salary range of the role (79%), they were more likely to apply.

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Gabrielle Olya contributed to the reporting for this article.