Gen Z is poised to be wealthier than millennials but despair over economy — ‘they get spammed and scammed, and there are tons of fake jobs out there’
Anxieties about the job market, homeownership and adulthood are widespread across the campus, even among those who are not deeply involved in politics.
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# Gen Z Wealth Paradox: Higher Assets but Economic Pessimism Despite projections showing Gen Z will accumulate greater wealth than millennials due to inheritance and asset appreciation, the demographic faces significant headwinds including job market volatility, housing affordability challenges, and widespread financial scams that may impede their ability to build wealth independently. This generational pessimism could dampen consumer spending and investment participation among Gen Z, potentially affecting sectors reliant on younger demographics such as housing, consumer discretionary, and financial services companies targeting first-time investors.
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