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Broke young Americans in their 20s may be suffering now — but they’re on track to become richer than you

Moneywise
Summary
Nutrition label

73% Informative

Gen Z consumers could see a huge bump in prosperity in just a few years , according to a recent report by the Bank of America .

Gen Z's household spending is growing at a faster rate than the rest of the global population.

By 2030 , this cohort could be spending as much as $12.6 trillion a year in aggregate, compared to $2.7 trillion in 2024 .

VR Score

63

Informative language

54

Neutral language

60

Article tone

informal

Language

English

Language complexity

39

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

medium-lived

Affiliate links

no affiliate links