Wall Street

What Generation Z Considers ‘Wealthy’

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The Street

By Brian O’Connell A new study shows the vast majority of Gen-Z says they’ll be wealthy one day. But what does “being wealthy” really mean? Ask a U.S. adult if they’ll ever be rich, and you get some conflicting responses, depending on the age demographic. A case in point. A new study byMagnify Money, shows that44% Americans believe they’ll be wealthy one day. Yet that number jumps with Generation Z (basically, America’s youngest adult demographic, born between 1997 and 2012) with 72% of this population believe they’ll hit the wealth jackpot one day, making them the most financially optimistic …

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