According to a report prepared by Bank of America Global Research, Generation Z, born in 1997-2012, can become the largest and most wealthy group towards 2035. The report emphasizes that they will be effective in the global economy while significant increases are expected in the coming years.
Zenear Z
In the report, Gen Z’s revenues are expected to increase to 36 trillion dollars on a global scale in the next five years, while it is expected to rise to $ 74 trillion by 2040. Revenues, which were 9 trillion dollars in 2023, are expected to increase between 2023 and 2040 about 720 %.
In addition, credit and debit card data show that there is a stronger increase in the general population in the gene public expenditures than the general population. In the expenditures of Gen Z, it is suggested that the need and luxury expenditures are higher than the general consumer increase.
Crypto Coins and Z Generation
The Bank of America Global Research says that the transfer of Baby Boomers generation to younger generations will affect Gen Z and Millennials’ saving and spending decisions. This is expected to lead to significant changes in economic systems and market dynamics.
“Apparently generation Z is on the verge of stamping the global economy. Revenues are expected to increase significantly in the coming years. Beyond income levels, Generation Z may see the biggest increase in expenditures. A great transfer of reserves is expected to affect significant expenditure and saving decisions. ” -Bank of America Global Research
It is known that the Z generation is strongly interested in crypto currencies. If asset growth in the direction of expectations occurs, this will also be positive for crypto currencies in the long run.
The data reveals that Gen Z can direct the economy in the future with its rising income and expenditure potential. The report shows that the younger generation may play a decisive role in increasing demand and consumption, and the impact of improvements in the labor market. This information provides significant references in terms of economic planning and strategy development.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
