Will Generation Z Fuel the Future of Global Economy?

A recent study by Bank of America Global Research predicts that Generation Z, individuals born between 1997 and 2012, will become the largest and wealthiest demographic by 2035. This projection highlights their growing economic influence, suggesting a significant impact on the global economy in the near future. The report anticipates Gen Z’s income to surge from $9 trillion in 2023 to $74 trillion by 2040, showcasing an impressive 720% growth over the next two decades. This financial power will likely influence how they spend their money, potentially reshaping market behaviors and economic structures.