Gen Z may not be able to afford a house or the cost of living now—but give it 10 years. They're about to become the richest generation with $36 trillion amid the ‘great wealth transfer’

Affluent Gen Zers on vacation (Credit: Yana Iskayeva / Getty Images)

• Gen Z is expected to become the largest and richest economic force by 2035. According to a recent Bank of America report, the youngest generation of workers will amass over $74 trillion in income by 2040. It will be a stark—and welcome—change from their current reality of flying by the seat of their pants. 

Gen Z is living the paycheck-to-paycheck twenties lifestyle—splurging on high rent costs and dishing out 99-cent ramen noodles. Yet in just a decade, they’ll be the most powerful economic force.