Overview

In recent years, there has been an unprecedented shift in the attitudes of young individuals towards the key economic issues they encounter as they embark on their adult lives. Sociologists have identified two distinct generations, namely Generation Y and Generation Z, which exhibit behaviours contrary to those of their parents and older generations. The reasons behind these shifts are shared across European countries, where these generations have experienced lives characterized by peace, cultural diversity, globalization, economic stability, relative economic and social well-being, as well as parental care and education. Addressing a gap in the economic literature, this book uniquely bridges the current understanding of youth with empirical evidence specific to Central and Eastern European Countries, represented by Poland and Czechia. Germany was taken as an example of a Western European Country. The novelty lies in identifying the contemporary trends and determinants shaping the decision-making process of young adults regarding the labour market, savings and investments, job satisfaction, retirement, and sustainable consumption. The book draws on a theoretical foundation from both economic and sociological perspectives. The book comprises ten interconnected chapters, each contributing to the central theme of youth intentions and attitudes toward economic/financial issues. The summary is presented from the perspective of contemporary megatrends. The target audience includes students and researchers in fields related to contemporary economic challenges—such as economics, psychology, and sociology. Given the challenges faced by young adults from post-socialist states, implementing the policy recommendations in the book may contribute to reducing the gap between them and their counterparts in Western European countries. Institutions involved in social policy, including both non-governmental organizations and public entities, will also find the policy implications to be of interest.

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9781032825854

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Reviews

“This thought-provoking volume, Economic Challenges and Young Adults: Perspectives from Germany, Poland, and Czechia, provides a nuanced and comprehensive exploration of the complex economic realities facing young adults in Germany, Poland, and Czechia. The book skilfully navigates pressing global megatrends — such as climate change, technological disruption, demographic shifts, and social instability — while grounding its analysis in the lived experiences of young people across these three nations. What sets this work apart is its holistic approach. By blending data-driven insights with sociological perspectives, it sheds light on the evolving challenges of financial literacy, labour market transitions, and sustainable consumption, based mainly on quantitative analysis and econometric models. Particularly notable is the focus on intergenerational perspectives, emphasizing the adaptability and resourcefulness of Generation Z amidst digitalization and economic upheaval. The book not only identifies challenges but also offers actionable recommendations for solutions, from fostering trust in financial systems to supporting innovative education and vocational training. Its recommendations are vital for policymakers, educators, and advocates seeking to empower young adults to thrive in a rapidly changing world. Rich in insights and forward-looking, this publication is a crucial resource for understanding and addressing the future economic and social trajectories of young generations.” — Dorota Witkowska, University of Lodz (Poland) and University of Johannesburg (South Africa) “Economic Challenges and Young Adults: Perspectives from Germany, Poland, and Czechia is an incisive exploration of the dynamic landscape facing young adults in the 21st century. Drawing on research across Germany, Poland, and Czechia, this volume examines critical issues such as technological disruption, climate change, demographic shifts, and economic inequality, presenting them through the lens of individual experi­ences and societal impacts. The book skilfully balances global megatrends with country­specific analyses, offering a rich, comparative perspective on how young people navigate financial, occupational, and social challenges in an era of rapid change. The book's strength lies in its interdisciplinary approach, integrating economics, sociology, and policy studies to present actionable insights. From the evolving labour market de­mands to the implications of Al and automation, the findings provide both cautionary tales and opportunities for policymakers, educators, and young adults themselves. The authors also delve into trust in financial systems, sustainable consumption behaviours, and the digital literacy of Generation Z, illustrating the resilience and adaptability required for future success. With its evidence-based insights and nuanced recommendations, this book is essential reading for anyone invested in shaping policies and strategies to empower young adults in today's volatile environment. It is a timely contribution to the global dialogue on the economic future of younger generations.” — Werner Widuckel, Friedrich-Alexander-Universitat (Germany)

Author Information

Magdalena Osińska is a professor of economics in the Department of Economics, Nicolaus Copernicus University, Torun, Poland.

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