Gen Z will be the richest generation around 2035, it says in a new study

A new study indicates that Gen Z will be the richest generation in history – but it is not for the reasons you may think.

Gen Z, which are defined as people who were born between 1997 and 2012, will accumulate about 36 trillion dollars in the next five years and more than 74 trillion dollars by 2040.

The reason? A “great transfer of prosperity” by baby boomers if they will be passed on to younger generations in the coming years in the coming years.

This also means that gen Z-human-die currently have more expenses for both important and non-systemic letters compared to previous generations that will have an enormous impact on global expenditure patterns.

“It is likely that they are among the most disturbing generations of economies, markets and social systems,” the researchers predict.

In the meantime, however, the authors of the study find that gen Z continues to have financial and economic challenges.

On average, they spend “twice as much” on how they save, which could partially attribute the report notes to the current high living costs. And while more gene Z-people have two years and four years compared to millennials and generation X at their age, they are generally underemployed due to a hard labor market.

In addition, almost a third of Gen Z reported that they felt “behind” where their parents were the same age with regard to the achievement of their financial goals, according to the 2024 survey of Bank 2024.

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The report also explains that the number of households guided by Gen Z-guided households that received state unemployment rose by almost 32 percent between February 2024 and February 2025 Pro Bank of America.

During the conversation with the New York Post, Amanda Frances, expert in financial competence, advised Z to “prepare” on her changing place in the global economy, including “internal positioning with her way of thinking and her convictions in terms of money and external practices with her practices on growth”.

She recommended not only consumers to become “investors” and suggested that they invest so early because it “later wears out massive prosperity in massive prosperity”.

Frances also tells that post This gene has the advantage that older generations do not: “Your digital fluid ability offers you unprecedented access to opportunities to create prosperity by fintech, e-commerce, content and AI-controlled companies,” she explained. “Those who accept innovation will lead the next economic boom.”