“They shouldn’t be bemoaning their situation, they should be looking at the world and saying, ‘What can I make of it? What can I do better than the folks before me?’”
It’s true that Gen Z is concerned about their financial welfare in 2025, but data suggests that many of their fears will be relatively short-lived.
For example, Gen Zers (people born between 1997 and 2012) say they are having to turn down job opportunities because they can’t afford commuting expenses and have decided to focus on their pets in lieu of having children because kids have become too expensive to raise.
In addition, they’re abandoning their dreams of owning a home soon—unless they believe they’ll receive an inheritance soon.
This cash-strapped present may prove a contrast to their wealthy future, however, with the Great Wealth Transfer estimated to trickle around $84 trillion from the baby boomer and silent generations to their younger relatives.
Indeed, the shift will be so great that millennials are expected to be the wealthiest generation in history in the coming two decades.
Good news. When the old people die, you will all be rich.
I’m not expecting money from my elders because it feels scummy to wait around for them to die and bless you with money.
But also… an elderly relative of mine has fallen for tens of pig butchering scams, sending money to a lot of “women” overseas after his wife passed and he’s lonely now.
Between that and his nursing home, he won’t have anything to give when he goes!
Same, I’m not a vulture. Yeah it’s true boomers got a lucky break in comparison to the rest of us, but I still want my boomer folks to enjoy their good luck.