Gen Z and Millennials Obsessed with Wealth Amid Economic Challenges

Despite facing financial insecurity and 'money dysmorphia', these generations are expected to inherit a massive wealth reshuffle from Baby Boomers.

Gen Z and millennials report an obsession with becoming rich, with 44% and 46% respectively, compared to 27% of the larger American population, according to an Intuit Credit Karma study.
The study also found that 43% of Gen Z and 41% of millennials suffer from 'money dysmorphia', a feeling of insecurity about financial standing regardless of the actual situation.
Gen Z and millennials are facing economic challenges such as the housing market's affordability crisis and record-breaking student debt, which their parents might not have faced.
38% of Gen Z and millennials believe they face more difficulty feeling financially secure than their parents did at the same age, largely due to the economy, according to a Bankrate report.
Despite the financial challenges, Gen Z and millennials are expected to inherit a massive wealth reshuffle from the Baby Boomers, holding an extra $84 trillion in riches.