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

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-17 @ 15:29:11 (20 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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