The Blubber

While near-term uncertainty clouds the economic outlook, JPMorgan CEO Jamie Dimon says the future remains bright for younger generations.

The longtime Wall Street leader believes technology will help Gen Z and Gen Alpha live longer, healthier lives, and that the economy will continue to grow stronger over time.

He also pointed out that younger people are poised to benefit financially from the massive intergenerational wealth transfer from boomers and Gen Xers, often referred to as the Great Wealth Transfer.

“These kids, anyone who’s feeling depressed—as long as there’s no nuclear war—they’re going to have an extraordinary life,” Dimon said in a recent interview with Fox News.

“People say the next generation’s in trouble. Really? They’re set to inherit a nation valued at two to three hundred trillion dollars. They’ll likely live to 120; AI will cure some forms of cancer.

“They shouldn’t be lamenting their circumstances; they should be asking, ‘How can I shape this world? How can I do better than the generations before me?’”

While it's true that Gen Z harbors financial anxieties in 2025, data suggests many of those concerns could be temporary.

For instance, members of Gen Z (born between 1997 and 2012) say high commuting costs are forcing them to decline job offers, and many are choosing pets over children due to the soaring costs of raising a family.

They're also delaying dreams of homeownership—unless they anticipate receiving an inheritance soon.

Yet, this strained financial present could give way to a prosperous future: the Great Wealth Transfer is expected to move around $84 trillion from older generations to their heirs.

In fact, projections suggest millennials will become the wealthiest generation in history over the next two decades.

This isn’t the first time Dimon has painted such an optimistic picture for the emerging workforce.

In 2023, the now 69-year-old Dimon told Bloomberg TV that AI advancements would not only extend human lifespans into the hundreds but also dramatically shorten the workweek. He predicted that future workers would clock just 3.5 days a week.