A 74-year-old billionaire has criticised Gen Z for not working enough hours and spending too much time on TikTok. John Catsimatidis, owner of New York City supermarkets, Gristedes Foods, has faced a furious backlash online after recent comments he made about the younger generation.
Catsimatidis, born in Greece, boasts a 'rags to riches story' and now has an estimated net worth of around $4 billion (£3.1 billion). In a recent interview with the Daily Mail, the New Yorker blames Gen Z's love of TikTok as a reason why many are not achieving their goals and blasts them for not working longer hours.
Those who belong to Gen Z are born around the mid-to-late 1990s, up to around 2010. Despite Catsimatidis' comments, 'Gen Zedders' are regarded by many studies as the most financially astute living generation - due to facing near perpetual recessions and cost of living crises.
