Jamie Dimon warns of the one thing that could devastate the future of Gen Z and Gen Alpha

The banker emphasized that younger generations stand to gain from the 'Great Wealth Transfer'.

PUBLISHED APR 12, 2025

Jamie Dimon, often called the most influential banker in the world, warned of the onr thing that could derail Gen Z's golden future.

New York City: JPMorgan CEO Jamie Dimon has reassured younger generations that their financial futures remain bright — as long as nuclear war doesn’t derail global stability. Despite recent warnings about economic turbulence from trade wars, Dimon believes Gen Z and Gen Alpha will thrive financially, live longer, and benefit from rapid technological advancements.

Speaking to Fox News, the billionaire banker emphasized that younger generations stand to gain from the "Great Wealth Transfer", where trillions in inheritance will pass from Baby Boomers and Gen X to their descendants.

"These kids, anyone who’s depressed — as long as we don’t have nuclear war — they’re going to have an unbelievable life," Dimon said. He pointed out that future generations will inherit a country worth hundreds of trillions, enjoy extended lifespans, and witness medical breakthroughs like AI curing cancer.

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Instead of dwelling on current economic challenges, Dimon urged young people to focus on opportunities: "What can I make of it? What can I do better than the folks before me?"

However, many Gen Zers remain anxious about affordability, with some opting for pets over children due to high childcare costs or turning down jobs because of unaffordable uniforms or commutes, per Fortune. Homeownership also feels out of reach without inheritance.

An estimated $84 trillion is expected to transfer from older generations by 2045, according to the Federal Reserve. Millennials, too, are poised to benefit — some may inherit businesses, potentially making them the wealthiest generation in history.

Dimon’s advice is the beyond financial responsibility, one should focus on self-care: "If you don’t take care of your mind, body, spirit, and relationships, you won’t enjoy life."