Study Predicts Record Wealth For Gen Z By 2045

As wealth inequalities worsen, another reality emerges: Generation Z, often perceived as economically fragile, is set to become the richest in history by 2045. A study by Bank of America challenges preconceived notions by projecting an unprecedented shift of wealth towards this hyperconnected youth. Contrary to alarmist narratives, these forecasts reveal a generation on the rise, propelled by economic, educational, and digital dynamics that are reshaping the contours of global financial power.

A generation propelled by unprecedented economic dynamics

According to estimates by Bank of America, Generation Z could hold more than $33 trillion by 2030, before reaching a peak of $84 trillion by 2045. This projection is based, in part, on sustained wage growth.

“The income of Generation Z has increased by 8 % per year,” the report indicates. This is the highest growth observed compared to other age groups. This rapid evolution is accompanied by widespread access to higher education levels, as well as a native familiarity with digital tools, which enhances their agility in the labor market.

Such a study also provides insights into a series of structural levers that explain this exceptional dynamic:

• The massive wealth transfer : a large portion of the $84 trillion in assets held by baby boomers will be passed down to younger generations by 2045 ;
• A rapid increase in wages : Generation Z is recording an average annual income increase of 8 %, higher than other age groups ;
• Proficiency with digital tools : their technological ease allows them to access innovative economic opportunities, particularly in digital and dematerialized services ;
• A higher level of education : Zs are more educated than their predecessors, which opens up broader professional prospects.

These combined factors strengthen their position on the economic chessboard, leading some analysts to suggest a likely reconfiguration of financial power dynamics by 2045.

High spending, limited savings: a generational paradox

Despite these flattering prospects, the current economic behaviors of Generation Z show some contradictions. According to Bank of America, this population spends on average twice as much as it saves.

“This is a real cause for concern,” says Amanda Frances, a financial literacy expert, who is worried about the low savings rate observed. Such a trend would be fueled, in part, by a rapidly rising cost of living, as well as consumption influenced by social media and an increased search for immediate experiences.

In light of this situation, specialists are calling for a proactive strategy regarding wealth management. Amanda Frances recommends focusing on “early investment, even modest,” in order to take advantage of compound growth.

She also emphasizes the diversification potential offered by digital opportunities, such as e-commerce or companies related to artificial intelligence. Thus, these levers could offset the current fragility of Generation Z’s economic model, providing it with sustainable income alternatives.

This dual face (between promise of wealth and behavioral fragility) could transform Generation Z into a key player in the future global economy. Their ability to capitalize on asset transfers, while integrating new technological paradigms, will determine their true financial power.