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the whitepill: "About $84 trillion is anticipated to pass down from seniors and baby boomers to Gen X, millennials, and Gen Z by 2045, according to a 2021 report from Cerulli Associates. Most of the money will be handed over to Gen X and millennials—but 38% of Gen Z still anticipate they will receive an inheritance, according to a separate survey."whitepill
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Gen Z may not be able to afford a house or the cost of living now—but give it 10 years. They're about to become the richest generation with $36 trillion amid the ‘great wealth transfer’
Gen Z isn’t shy about splurging—whether it’s doom spending for a dopamine hit, spoiling their pets, or splashing out on rent—but soon, they’ll actually have the financial power to afford it.fortune.com