Gen Z's Economic Influence Grows Despite Financial Struggles

Projected to amass $74 trillion in global income by 2040, Gen Z is reshaping economies while navigating unemployment and saving challenges.

Gen Z's global income is expected to rise from $36 trillion by 2030 to $74 trillion by 2040, making them a dominant economic force.
Spending among Gen Z is growing faster than the general population, but they spend nearly twice as much as they save, citing financial pressures.
Unemployment among Gen Z is increasing, with a 32% rise in households receiving unemployment support year-over-year as of February 2025.
Wage growth for Gen Z reached 8% year-over-year in February 2025, the highest among all generations, highlighting their growing earning potential.
The anticipated Great Wealth Transfer from Baby Boomers, projected to total $84 trillion by 2045, is expected to significantly boost Gen Z's financial influence.