Generational Anxiety: Millennials and Gen Zers Struggle to Secure Financial Stability in a Baby Boomer Dominated World

A new survey reveals that 65% of millennials and Gen Zers are concerned about the influence of baby boomers on their financial future. Both generations feel that the current financial challenges they face are partly due to the choices made by boomers. Rising costs in education, housing, and healthcare, along with the burden of student debt, are seen as consequences of policy decisions and economic conditions influenced by previous generations. While millennials and Gen Zers acknowledge their own responsibility for their money habits, they believe that boomers have inherited a more favorable economic situation and hold a significant portion of the nation's wealth. The impact of boomers on younger generations' financial futures can be positive through the Great Wealth Transfer, but it does not address the systemic gaps that leave millennials and Gen Zers struggling.