Commentary
I was born in 1998. As the very first members of our new generation took their initial breaths of life, the world was about to undergo a seismic economic shift. The babies born with me became Generation Z, and together we are answering the question of “What do you do for a living?” very differently than in the past.
This statement is borne out by Z’s reaction to the time period we have developed in. We are too young to remember 9/11, and instead, Z had our childhoods bookended with the Great Financial Crisis and the COVID-19 pandemic. These large-scale, global events impacted nearly everyone in the world and have shaped our fear today. McKinsey’s American Opportunity Survey shows Z’s financial trepidation, with nearly 23 percent of the approximately 25,000 respondents queried saying they don’t expect ever to retire and only 41 percent ever hoping to own a home.