In 2025, financial preparations are more important than ever. For younger generations specifically, there is an increasing rate of delinquencies and wealth volatility due to mismanagement of financial assets. Furthermore, there is very little cushion for most Generation Z citizens, as only 3% of the nation’s invested assets and 5% of all assets in savings accounts belong to them. This wealth disparity becomes even more troubling when you look deeper at exactly who holds Gen Z’s wealth. It is estimated that around 5% of the entire Gen Z population holds around 63% of that generation’s wealth. Because so few of the younger generation has enough discretionary income, many resort to Buy Now, Pay Later (BNPL) services to help them build their savings.
Fortunately, companies like Equifax make it much easier for people of all generations to preserve and build their wealth. These financial professionals research potential market trends and insights to properly advise their clients and find wealth building opportunities. Moreover, these lessons are easily available through webinars or 1-on-1 virtual advisory sessions. Ultimately, if you want to make sure your money will last longer and be there when you need it, teaming up with financial advisors is the best way to go.
Source: Equifax
