benzinga46d ago
Is Generation Z economically doomed, or are they positioned to become the wealthiest cohort in history?That was the central question during a recent discussion on MS NOW featuring University of Michigan economist Justin Wolfers and commentator Kyla Scanlon. While much of the public conversation has focused on rising housing costs, artificial intelligence and economic instability, Wolfers offered a strikingly optimistic take.A Disrupted Economic LadderScanlon pushed back on the idea that Gen Z is simply “screwed.” Instead, she argued that the traditional path to stability has shifted.“If you think about graduating college, getting a career, buying a house, getting married, having kids, all of those things are pretty disrupted,” she said. “So, if you think that means that they’re screwed, maybe, but it just means that the ladder is definitely disrupted.”Don't Miss:Fast Company Calls It a ‘Groundbreaking Step for the Creator Economy' — Investors Can Still Get In at $0.85/ShareIt’s no wonder Jeff Bezos holds over $250 million in art — this alternative asset has outpaced the S&P 500 since 1995, delivering an average annual return of 11.4%. Here’s how everyday investors are getting started.Young people are adjusting. Instead of prioritizing homeownership, many are investing in the stock market or exploring speculative assets. Scanlon described a phenomenon she calls “aspirational displacement,” where people have ...Full story available on Benzinga.com