• Gen Z is expected to become the largest and richest economic power by 2035. According to the hadith Bank of America Report, the smallest generation of workers will achieve more than 74 trillion dollars of income by 2040. It will be blatant and welcome – from their current reality of flying on their pants seat.

Gen Z lives in the lifestyle of the 20th salary to 20 High rental costs and Get rid of 99 Sent of noodles. However, in a decade, they will be the most powerful economic power.

Just two years ago, General Z 9 trillion dollars in income; But by 2030, they are expected to have $ 36 trillion. By 2040, this number rises to $ 74 trillion. The last Bank of America a report It appears that this will put them as the richest and largest – by 2035, where Gen Z is expected to grow to 30 % of the world’s population in the next decade.

Gen Z’s expected economic domination can feel worlds away from them The current economic The situation. But there may be a light at the end of the tunnel as it climbs to the ladder of companies and face their family inheritance.

The current economic problems of Gen Z: No houses or children

Many young people are tied to obtain money, leaving the college and to The labor market is uncertain. Gen Z has To refuse Job opportunities because they cannot bear the expenses of mobility; Corrupt their pets instead of Having children who became Very expensive To raise and Abandonment Pipe Dream to buy a house – unless they receive the inheritance.

General Z also struggles with a job position: young families who got unemployment increased by 32 % year on an annual basis in February, according to the report. But it is not because of the lack of trying, though this Rejectionists. The report says that General Z “exaggerated it and works at work”, and in the middle of the difficult white labor market, the unemployment of new expatriates increased by more than 9 % on an annual basis in February. This Gen Z produces vehicles that may be qualified or not suitable for them, and which can have long -term professional implications.

However, in just 10 years, all this can turn on his head. The Bank of America report indicates that Gen Z wage growth increased by 8 % year on an annual basis in February. Part of this shock can finally enter the full -time job market, leading to high wages. But the biggest factor contributes to his financial confrontation is “”Transfer the great wealth“It is expected that the bank accounts will hit General Z in the coming years.

The transfer of great wealth to the pockets of General Z

With the possibilities of stacked against them, the best bet on Gen Z on life comfortably is wealth.

About $ 84 trillion is expected to move from the elderly and children’s children to the general xMillennium generation, and Gen Z by 2045, according to 2021 a report From Cerulli Associats. Most of the money will be delivered to Gen X and Millennials – but 38 % of Gen Z still expects to receive an inheritance, according to separate. reconnaissance.

The Gen Z’s share of the pie, along with its bright wages, will lead to its economic power. Even the present day, the young generation is a force that must be calculated. They have higher estimated spending habits compared to others, and their global spending is expected to reach $ 12.6 trillion by 2030, compared to $ 2.7 trillion in 2024. The growth of their spending for each family was stronger than the total population, including both necessity and appreciation spending, according to the report.

There are some reasons that make Gen Z spending a lot of their money: they pour money in their high rents and education Costs “Perfume spending“On the basics and small luxury, instead of saving the largest investments that cannot be achieved; and they try to escape High Credit card and student loan debts.

But companies must take a science – although Gen Z has money to burn them, they will be in the driver’s seat for the economy. Companies are already surrounded by their preferences: luxury, e -commerce, wellness, beauty and pets. Gen Z is also in depth in Fintech, New Media, Gaming and Big Tech, according to the Bank Of America report. Their tastes will be what the work will flourish in 2035.

“They are likely to be among the most annoying generations of economies, markets and social systems,” the Bank of America report He says. “Whether it’s due to changing meals, low alcohol consumption, savings and housing, Gen Z will redefine what it means to be an American consumer.”

This story was originally shown on Fortune.com

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2025-03-17 15:29:00