Gen Z Takes the Lead: Young Millennials are Wealthier and Innovating New Paths to Homeownership

Money | June 22, 2024, 9:03 a.m.

Millennials have matured since their days of avocado toast and living at home with their parents. Now in their 30s and 40s, this generation is taking on significant life milestones such as buying homes and starting families. The youngest millennials, known as cuspers or Zillennials, straddle the line between two generations and have faced unique challenges due to the pandemic impacting their early career development. Despite setbacks, they have shown resilience, creativity, and adaptability in their quest for financial stability and homeownership. While younger millennial women have seen economic progress and educational opportunities, the generation as a whole faces various social and economic issues. However, as they continue to age and move into leadership roles, millennials are poised to bring diversity and positive change to the workplace. Overall, the wealth and success of this generation paint a promising picture for the future economy.