"Only two years ago, Gen Z had amassed $9 trillion in income, but by 2030 they're expected to have $36 trillion. And by 2040, that number rises to $74 trillion. A 2025 Bank of America report showed this will place them as the richest-and largest-generation by 2035, as Gen Z is expected to grow to 30% of the global population in the next decade."
"Gen Z is also struggling with holding down a job. Young households receiving unemployment surged 32% year over year in February, according to the report. But it's not for a lack of trying, despite the naysayers. The report said Gen Zers are "overeducated and underemployed," and amid a tough white-collar labor market, unemployment for new entrants was up over 9% year over year in February."
Gen Z currently faces paycheck-to-paycheck twenties living, contending with high rent and low-cost food choices. Projections place Gen Z income at $36 trillion by 2030 and $74 trillion by 2040, making them the richest and largest generation by 2035 and roughly 30% of the global population. Many Gen Zers are unable to buy homes or afford children, sometimes prioritizing pets. Young-household unemployment surged 32% year over year in February, and unemployment among new entrants rose over 9%. Wage growth increased 8% year over year in February as more Gen Zers enter full-time employment.
Read at Fortune
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