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Gen Z may not be able to afford a house or the cost of living now—but give it 10 years. They’re on track to gain $36 trillion and become the richest generation

Fortune LogoFortune16h ago

Gen Z may not be able to afford a house or the cost of living now—but give it 10 years. They’re on track to gain $36 trillion and become the richest generation - Fortune

Quick Summary:

Gen Z isn’t shy about splurging—whether it’s doom spending for a dopamine hit, spoiling their pets, or splashing out on rent—but soon, they’ll actually have the financial power to afford it.

But the biggest contributing factor in their financial come-up is the “great wealth transfer,” expected to hit Gen Z bank accounts in the years to come.

Gen Z is having to turn down job opportunities because they can’t afford commuting expenses; spoiling their pets in lieu of having children, which have become too expensive to raise; and abandoning the pipe dream of purchasing a home—unless they receive inheritance.


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Gen Z may not be able to afford a house or the cost of living now—but give it 10 years. They’re on track to gain $36 trillion and become the richest generation - Fortune (Picture 1)

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Article Details

Author / Journalist: Emma Burleigh

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-17 @ 15:29:11 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 688 words

Reading Time: 4 minutes read

Sentences: 7 lines

Sentence Length: 99 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27089078

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About Fortune

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Main Topics: EconomyBusiness

Official Website: fortune.com

Update Frequency: 58 posts per day

Year Established: 1929

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #95

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  • URL: https://beamstart.com/news/gen-z-may-not-be-17422255266932

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