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Fortune
Fortune
Emma Burleigh

USAA CEO says Gen Z ‘are not going to be as well off’ as boomers and Gen Xers—they need to take ownership of their success, he urges

Young dejected worker on phone (Credit: Nitat Termmee / Getty Images)

Gen Z has been lambasted by critics as being professionally unambitious and too frivolous with their money—but leaders are stepping in to add some well-needed context. USAA CEO Juan C. Andrade believes young workers are up against some unique headwinds that older generations didn’t have to contend with. 

“I think, unfortunately, our Gen Z’s are not going to be as well off as our boomers and Gen Xers were, for different reasons,” he tells Fortune. “You definitely see it among the Gen Z generation, both active duty as well as associate members [and] family.”

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