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

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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Article Details

Author / Journalist: Emma Burleigh

Category: EconomyBusiness

Markets: United States

Topics: Wealth management Wealth Credit card debt Business Cost of living Bank of America Baby boomers Student loans and debt Rent Inheritance Gen Z Young workers Gen X Loans Career Family Debt Millennials

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-17 @ 15:29:11 (18 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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Official Website: fortune.com

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