Commentary
Gen Zers, according to a recent Magnify Money survey, are overly optimistic about being wealthy. In fact, according to the survey, they are the most financially optimistic generation. To wit:
“Nearly three-quarters (72 percent) of Gen Zers believe they’ll become wealthy one day, making them the most financially optimistic generation.”
But, interestingly, that optimism, as noted by the firm’s executive editor, is “more than just youthful optimism.”
“We are surrounded by extremes of wealth and poverty, and I think younger folks naturally gravitate to the more positive extremes. What’s more, the concept of investing is so much more accessible today, and I know many Gen Zers believe they can harness the power of the market to build wealth” said Ismat Mangla, senior director of content at LendingTree….