Generation Z: The Leading Force of the Future Economy

Generation Z, born between 1997 and 2012, is expected to become the strongest economic group in the world in the coming decade. This was reported by Zamin.uz.

According to a Bank of America report, by 2030, the global income of this generation could reach 36 trillion dollars. By 2035, they will become the largest and wealthiest generation among the world's population, which will enable them to strengthen their economic influence.

Currently, many members of Generation Z face difficulties in finding jobs and are limited in opportunities such as having stable sources of income or buying homes. However, analysts believe that their economic success will depend on two main factors: career growth and the redistribution of capital to the new generation.

By 2045, it is expected that approximately 84 trillion dollars of wealth will be transferred from the older generations, millennials, and zoomers. While some young people rely on this inheritance, they will significantly expand their economic impact by increasing their own incomes.

By 2030, global spending by Generation Z members is projected to reach 12.6 trillion dollars. They are spending more on rent, education, daily necessities, and small luxuries, shaping new economic trends.

Many companies are adapting to these changes by focusing on developing their products and services in areas such as sustainability, digital commerce, and well-being. The report notes that Generation Z could bring significant changes to economic and social systems.

They are reshaping consumer culture and influencing the economy through new lifestyle habits and savings models. Therefore, the future of this generation is expected to be of great importance not only economically but also socially.