In the first quarter of 2024, 51.8 percent of the total wealth in the United States was owned by members of the baby boomer generation. In comparison, millennials own around 9.4 percent of total wealth in the U.S. In terms of population distribution, there is almost an equal share of millennials and baby boomers in the United States.

In the third quarter of 2024, 51.6 percent of the total wealth in the United States was owned by members of the baby boomer generation. In comparison, millennials owned around ten percent of total wealth in the U.S. In terms of population distribution, there is almost an equal share of millennials and baby boomers in the United States.

This dataset provides insights into the spending habits of Gen Z (ages 18-27) across various categories such as rent, groceries, entertainment, education, savings, and more. It contains 1700 records and 15 financial attributes, making it a valuable resource for financial trend analysis, budgeting studies, and machine learning applications in personal finance.

According to a survey among generation Z consumers in 2022, ** percent of the respondents in the Philippines strongly agreed with valuing their personal time more than the money they earn. In contrast, ** percent of the Gen Z respondents in Thailand disagreed with the sentiment.

In 2024, stocks were identified as the leading investment product among Gen Z and millennial investors, with ** percent of millennials expressing a preference for this asset. Retirement investment accounts (e.g., 401(k), IRA) ranked as the ****** most popular choice among millennials. In contrast, REITs received the lowest level of engagement from both groups.

Introduction

Gen Z Statistics: Although many people still view Millennials as the most powerful age group, Gen Z is now emerging as a significant group of buyers. They have their likes and habits that are strongly changing how people shop and spend money.

We've compiled key Gen Z Statistics to help you develop a robust marketing plan for this emerging generation. Please continue reading to discover what Gen Z cares about, how they shop, and how they behave, especially since they’ve grown up surrounded by digital technology.

According to a survey conducted among Generation Z in South Korea in 2019, around half of respondents said they were willing to spend money where they wanted to. Middle and high school boys in particular showed a higher percent of agreement.

Living conditions and family. Values and attitudes. Information and communication behaviour. Political attitudes and political participation.

Topics: Life circumstances and family: life satisfaction; assessment of personal future prospects; assessment of future prospects of own generation; relationship with parents; highest level of school-leaving qualifications of parents; frequency of renunciation due to financial situation; sources of money for personal use; most important source of money.

Values and attitudes: role model available; role model named; life goals; importance of selected life goals; importance of various professional aspects; personal values (comparison of values); attachment to the community, the region, the state, Germany and Europe.

Information and communication behaviour: frequency of use of social networks; preferred platforms; type of use of social networks; interest in politics; points of contact with politics in everyday life; frequency of media use about politics: preferred sources of information about politics; trust in different media.

Political attitudes: satisfaction with democracy; democracy as a good form of government; need for reform in politics; satisfaction with the work of the federal government; trust in institutions; party sympathy; attitudes to politics and society; preference regarding Germany´s future foreign policy; attitude towards the EU.

Political participation: type of political commitment; voluntary work; volunteer work mentioned; interest in the topic of climate protection at Fridays for Future; participation in a Fridays for Future demonstration; agreement to statements on reactions of politics and society to Fridays for Future demonstrations.

Demography: sex; age; highest educational attainment to date; current level of education; type of school/college/university attended; type of school or educational institution; employment; housing situation; migration background; state; city size.

Additionally coded was: respondent ID; filter variable; volunteering and role models; weighting factors.

In the United States, Gen Z consumers made changes to their spending habits in 2023 to help with rising prices for many products. The most common change was to cook more at home to avoid spending money in restaurants or on take-out food.

Pandemic COVID-19 gave enormous amount of changes to the way people lives their life. Along with rapid changes in technology, including financial technology, the effect of changes has been more fluid and continuous. E-Money has now penetrated every sector of life, including personal applications found on personal smartphones. One of them is from the Shopee application, where Shopeepay features electronic money / E-Money services. During the COVID-19 pandemic, numerous people centralized their consumption necessities on online shopping for goods or products to meet their daily needs. In this study, we examine the mediating role of customer experience on the relationship between perceived ease of use of E-Money Shopeepay and customer satisfaction. We employed the SEM-PLS model based on an online questionnaire from 125 respondents. Our expected results focused on determining the significant effect of customer experience on the relationship between perceived Ease of Use of E-Money Shopeepay and customer satisfaction. This study is unique because it focused on modeling the relationship between perceived ease of use of E-Money Shopeepay, customer satisfaction, and customer experience of Generation Z during Pandemic COVID-19 in a single empirical model. A valuable contribution from this study is the recommendation to Shopee and E-Money Shopeepay providers to focus on maintaining a balanced customer experience on the perceived ease of using e-money shopeepay to increase customer satisfaction, especially during the pandemic COVID-19 era.

This dataset contains audio recordings of 12 different accents across the UK: Northern Ireland, Scotland, Wales, North East England, North West England, Yorkshire and Humber, East Midlands, West Midlands, East of England, Greater London, South East England, South West England. We split the data into a Male: Female ratio of 1:1. The audio dataset was compiled using opensource YouTube videos and it a collation of different accents, the audio files were trimmed for uniformity. The Audio files are of length 30 seconds, with the first 5 seconds and last 5 seconds of the signal being blank. We also resample the audio signals at 8 kHz, again for uniformity and to remove any noise present in the audio signals whilst retaining the underlying characteristics. The intended application of this dataset was to be used in conjunction with a deep neural network for accent and gender classification tasks.

This dataset was recorded for an experimentation looking into applying machine learning techniques for the task of classifying song preference amongst generation Z (18 to 24 years) participants. We define a labelling system corresponding to specific songs with 5 ratings: hate, dislike, neutral, like and love. The songs used for this experiment were chosen due their success for various awards, such as the BRIT awards (BRIT), Mercury Prize (MERC), Rolling Stone most influential albums (ROLS). They are as shown:

S1: One Kiss by Calvin Harris and Dua Lipa (BRIT)

S2: Don't Delete the Kisses by Wolf Alice MERC)

S3: Money by Pink Floyd (ROLS)

S4: Shotgun by George Ezra (BRIT)

S5: Location by Dave (MERC)

S6: Smells Like Teen Spirit by Nirvana (ROLS)

S7: God's Plan by Drake (BRIT)

S8: Breezeblocks by alt-J (MERC)

S9: Lucy In The Sky With Diamonds by The Beatles (ROLS)

S10: Thank U, Next by Ariana Grande (BRIT)

S11: Shutdown by Skepta (MERC)

S12: Billie Jean by Micheal Jackson (ROLS)

A Unicorn Hybrid Black was used for recording the EEG data from the participants whilst they were played the control songs listed above. For each of the 12 total song played to a participant during the experiment, there were 8 EEG lead recordings measured of length 20 seconds, with the first 5 seconds and the last 5 seconds being blank for control purposes. The EEG signals were sampled at 250 Hz by the Unicorn Hybrid Black devices, which also filtered the signals to be between 2Hz to 30 Hz in order to remove any noise recorded during the experimentation. There are approximately 5000 data points per reading of a given song, with there being 12 songs played to a total of 10 participants.

According to the survey, the majority of Generation Z representatives in Russia saved money for their own apartment as of June 2020. Among respondents from Generation Y, or millennials, more than ********* had savings to support their children.

The global digital wealth management market is experiencing robust growth, driven by increasing adoption of online platforms by both personal and enterprise users. Technological advancements, such as AI-powered robo-advisors and enhanced security features, are significantly boosting user engagement and trust. The market's expansion is further fueled by the rising demand for personalized financial advice, convenience, and cost-effectiveness compared to traditional wealth management services. This shift is particularly pronounced among millennials and Gen Z, who are digitally native and comfortable managing their finances online. While the cloud-based segment currently dominates due to scalability and accessibility, the on-premises segment continues to hold relevance for institutions prioritizing data security and control. North America, with its established financial technology infrastructure and high internet penetration, currently leads the market, followed by Europe and Asia Pacific. However, developing economies in Asia Pacific are demonstrating significant growth potential, fueled by rising disposable incomes and increasing financial literacy. Competitive pressures remain high, with established players like Vanguard, Fidelity, and Schwab facing competition from nimble fintech startups such as Wealthfront, Betterment, and Robinhood. Future market growth will hinge on continued innovation in AI, personalization, security, and the expansion into underserved markets. The market's compound annual growth rate (CAGR) is estimated at 15% from 2025 to 2033, indicating substantial growth opportunities. This projection considers the factors mentioned above as well as potential regulatory changes and evolving consumer preferences. The market segmentation shows a clear preference for cloud-based solutions, reflecting the broader industry trend towards cloud adoption. The personal segment is projected to grow faster than the enterprise segment due to the increasing adoption of self-directed investment platforms by individual investors. While the current market size data is unavailable, a reasonable estimate based on industry reports would place it in the high billions of dollars range in 2025, given the substantial growth and the substantial number of companies operating in the space. Geographic expansion into emerging markets will be key to sustained market growth, requiring localization efforts and addressing unique regional financial regulations. Companies should focus on providing user-friendly interfaces, robust security measures, and personalized financial advice to maintain a competitive edge.

The European wealth management market, valued at €43.02 billion in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 4.41% from 2025 to 2033. This expansion is fueled by several key drivers. The increasing concentration of wealth among High-Net-Worth Individuals (HNWIs) and mass affluent individuals across major European economies like the UK, Germany, France, and Italy is a significant contributor. Furthermore, a rising demand for sophisticated investment strategies, including sustainable and impact investing, is shaping market dynamics. Technological advancements, such as robo-advisors and advanced data analytics, are also enhancing efficiency and accessibility within the sector, attracting a wider client base. Competition remains fierce, with established players like Allianz, UBS Group, Amundi, and Credit Suisse vying for market share alongside private banking boutiques and family offices. Regulatory changes impacting financial reporting and client privacy will continue to influence industry practices. Challenges include maintaining client trust amidst market volatility and adapting to evolving client expectations regarding personalized service and digital solutions. The segment breakdown reveals a dominance of HNWIs and Retail/Individuals, with Private Bankers and Family Offices leading the charge among wealth management firms. The market's future hinges on the continued growth of private wealth, innovative service offerings, and the effective navigation of regulatory landscapes. The sustained growth in the European wealth management market is expected to continue through 2033, driven by demographic shifts, economic growth (albeit with potential regional variations), and technological advancements. While macroeconomic factors like inflation and geopolitical instability pose risks, the long-term outlook remains positive. The expansion of digital wealth management platforms will likely lead to increased market penetration and competition. The market's success will depend on firms' ability to leverage data analytics to provide personalized advice, adapt to evolving regulatory requirements, and build strong client relationships based on trust and transparency. Regional variations in economic growth and wealth distribution will create nuanced opportunities and challenges, necessitating tailored strategies for different European markets. A focus on sustainability and ESG (Environmental, Social, and Governance) investing is also anticipated to be a defining trend within the industry going forward. Recent developments include: September 2022: UBS was set to acquire the Millennial and Gen Z-focused Wealthfront. UBS and wealth management platform Wealthfront have pulled out of a proposed acquisition deal., 2021: L&G launched the next-gen protection platform for IFAs. Legal & General Group Protection has launched a next-generation online quote-and-buy platform to widen access to group income protection. The insurer states that its Online Insurance Experience (ONIX) aims to create more digital opportunities for intermediaries to support their clients' needs for life cover. ONIX is designed to deliver a quote experience that is more flexible with increased options that focus on capturing the client's specific requirements. The launch of ONIX is accompanied by the insurer's new 'Big on small business' SME Group Protection sales materials.. Notable trends are: Growth In Millionaire Wealth Leading to the European Wealth Management Market Uptrend.

The size of the Wealth Management Industry in Europe market was valued at USD 43.02 Million in 2023 and is projected to reach USD 58.19 Million by 2032, with an expected CAGR of 4.41% during the forecast period. The wealth management industry encompasses a range of financial services designed to assist individuals and families in managing their financial assets and achieving their long-term financial goals. This industry primarily targets high-net-worth individuals (HNWIs) and ultra-high-net-worth individuals (UHNWIs), offering personalized services that include investment management, financial planning, tax advice, estate planning, and retirement planning. Wealth management firms aim to provide a holistic approach to wealth accumulation and preservation, tailoring strategies to meet the unique needs and preferences of their clients. As the global economy evolves, the wealth management industry is experiencing significant growth driven by increasing wealth concentrations, particularly in emerging markets. The rise in disposable income, along with the growing awareness of the importance of financial planning, has led to a greater demand for comprehensive wealth management services. Additionally, technological advancements, such as robo-advisors and financial technology (fintech) platforms, are transforming how wealth management services are delivered, making them more accessible and efficient. Recent developments include: September 2022: UBS was set to acquire the Millennial and Gen Z-focused Wealthfront. UBS and wealth management platform Wealthfront have pulled out of a proposed acquisition deal., 2021: L&G launched the next-gen protection platform for IFAs. Legal & General Group Protection has launched a next-generation online quote-and-buy platform to widen access to group income protection. The insurer states that its Online Insurance Experience (ONIX) aims to create more digital opportunities for intermediaries to support their clients' needs for life cover. ONIX is designed to deliver a quote experience that is more flexible with increased options that focus on capturing the client's specific requirements. The launch of ONIX is accompanied by the insurer's new 'Big on small business' SME Group Protection sales materials.. Key drivers for this market are: Guaranteed Protection Drives The Market. Potential restraints include: Long and Costly Legal Procedures. Notable trends are: Growth In Millionaire Wealth Leading to the European Wealth Management Market Uptrend.

Internet Crowdfunding and Wealth Management Market Outlook

The global Internet Crowdfunding and Wealth Management market size was valued at approximately $13.5 billion in 2023 and is anticipated to witness a significant growth, reaching around $28.6 billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 8.9% during the forecast period. This remarkable growth is primarily driven by the rapid digitalization of financial services and the increasing preference for online platforms that offer convenience and accessibility. Furthermore, the democratization of investment opportunities and the growing awareness of wealth management options are further propelling the market forward, creating a robust ecosystem for both investors and fundraisers.

The proliferation of internet usage and advancements in financial technology are major growth factors contributing to the expansion of the Internet Crowdfunding and Wealth Management market. As internet penetration continues to increase globally, there is a corresponding rise in the number of people who have access to digital platforms for financial transactions. This accessibility has made it easier for individuals and businesses to participate in crowdfunding campaigns and seek wealth management services online. Additionally, the rise of fintech innovations has enhanced the functionality and security of online platforms, making them more attractive to users. As technology continues to evolve, these platforms are expected to offer more sophisticated tools and services, further driving market growth.

Another significant growth factor is the changing demographic landscape, particularly the increasing financial literacy and tech-savviness among millennials and Gen Z. These generations are more inclined to use digital platforms for managing their finances, seeking investment opportunities, and engaging in crowdfunding activities. They are typically more comfortable with technology and more open to exploring non-traditional financial services, such as crowdfunding and digital wealth management. As this demographic continues to grow in economic influence, their preferences are expected to shape the future of the market, leading to increased demand for innovative and user-friendly financial platforms.

The regulatory environment also plays a crucial role in the growth of the Internet Crowdfunding and Wealth Management market. Governments and regulatory bodies across the globe are increasingly recognizing the potential of these digital platforms to enhance financial inclusion and stimulate economic growth. As a result, there is a trend towards creating more supportive regulatory frameworks that facilitate the growth of crowdfunding and wealth management platforms while ensuring consumer protection. These regulatory advancements, coupled with incentives for innovative financial solutions, are expected to boost market growth further.

Regionally, North America currently holds the largest market share in the Internet Crowdfunding and Wealth Management market, driven by the presence of key market players and a well-established financial services sector. However, the Asia Pacific region is anticipated to witness the highest growth rate during the forecast period, owing to the rapid digital transformation in financial services and increasing internet penetration. The growing middle-class population in countries like China and India is also contributing to the rising demand for online financial services, making Asia Pacific a key region for market expansion. Meanwhile, Europe is expected to maintain steady growth, with a focus on regulatory advancements to support the digital finance ecosystem.

Platform Type Analysis

The Platform Type segment of the Internet Crowdfunding and Wealth Management market is categorized into Donation-based, Reward-based, Equity-based, and Debt-based platforms. Donation-based crowdfunding platforms have gained popularity for facilitating social and charitable causes. These platforms allow individuals and organizations to raise funds for various initiatives without the need for repayment or financial returns. As social entrepreneurship and philanthropic activities increase worldwide, donation-based platforms are expected to maintain a stable growth trajectory. The ease of access and the emotional connection fostered through these platforms make them an integral part of the crowdfunding landscape.

Reward-based crowdfunding platforms offer backers a tangible or intangible return on their investment, typically in the form of products or services. This type of crowdfunding has been instrumental in supporting crea

This table has been archived and replaced by table 36100664. Income quintiles are assigned based on the equalized household disposable income. This takes into account differences in household size and composition. The Oxford-modified equivalence scale is used; it assigns a value of 1 to the first adult, 0.5 to each additional person aged 14 and over, and 0.3 for all children under 14. The coefficients of variation from Statistics Canada's Survey of Financial Security for 2012 and 2016, which serve as indicators of the accuracy of these estimates for net worth and its components, are available in the appendix to Distributions of Household Economic Accounts, estimates of asset, liability and net worth distributions, 2010 to 2019, technical methodology and quality report for the March 2020 release. Age groups refer to the age group of the major income earner. This refers to the main source of income for the household, that is, wages and salaries, self-employment income, net property income, current transfers received related to pension benefits, or other current transfers received from non-pension related sources.
Self-employment income refers to mixed income related to non-farm and farm businesses. Household rental income is not included. Revenues from Current transfers received - pension benefits relate to current transfers received from corporations for employer's pension plans and current transfers received from government for the Canada and Québec pension plans (CPP/QPP) and the Old Age Security program including the Guaranteed Income Supplement (OAS/GIS). Revenues from Current transfers received - others, relate to all other current transfers received not included in Current transfers received - pensions benefits, that is, it includes current transfers from the government sector except for the Canada and Québec pension plans (CPP/QPP) and from the Old Age Security Program (OAS) and the Guaranteed Income Supplement (GIS). It also includes current transfers from Non-profit institutions serving households (NPISH) and from the non-residents sector. Owner/Renter refers to the housing tenure of a household. Households that have subsidized rents (partially or fully) are included under Renter. Distributions by generation are defined as follows and are based on the birth year of the major income earner: pre-1946 for those born before 1946, baby boom for those born between 1946 and 1964, generation X for those born between 1965 and 1980 and millennials for those born after 1980. Note that generation Z has been combined with the millennial generation as their sample size is relatively small. Life insurance and pensions include the value of all life insurance and employer pension plans, termination basis. Excludes public plans administered or sponsored by governments: Old Age Security (OAS) including the Guaranteed Income Supplement (GIS) and the Spouse's Allowance (SPA), as well as the Canada and Quebec Pension Plans (CPP/QPP). Other financial assets include total currency and deposits, Canadian short-term paper, Canadian bonds and debentures, foreign investments in paper and bonds, mortgages, equity and investment funds, and other receivables. Other non-financial assets include consumer durables, machinery and equipment, and intellectual property products. Excludes accumulation of value of collectibles including coins, stamps and art work. Other liabilities include major credit cards and retail store cards, gasoline station cards, etc., vehicle loans, lines of credit, student loans, other loans from financial institutions and other money owed. Owner's equity refers to the value of the interests of an owner or partial owner in an asset, in this case real estate, divided by household real estate, which includes the value of structures (residential and non-residential) and land owned by households. Distributions of Household Economic Accounts (DHEA) estimates are benchmarked to year-end estimates for liabilities and assets from the National Balance Sheet Accounts (NBSA, Table 36-10-0580-01), and for annual household disposable income from the Provincial-Territorial Economic Accounts (Table 36-10-0224-01). DHEA ratios for debt to disposable income, real estate as a share of disposable income, and net worth as a share of disposable income differ from those included in “Financial indicators of households and non-profit institutions serving households, national balance sheet accounts” (Table 38-10-0235-01) as the latter source adjusts disposable income for the change in pension entitlements. The measure of disposable income used for the DHEA ratios is more consistent with that shown in “Household sector credit market summary table, seasonally adjusted estimates” (Table 38-10-0238), which does not adjust disposable income for the change in pension entitlements.

This statistic shows the wealth management objectives for high net worth individuals from the Millennial age cohort, listed for two brackets of affluency, in the EMEA region (Europe, Middle East, Africa) as of 2016. As the data showed, approximately 38 percent of the mass affluent Millennials in EMEA looked into wealth management services to outperform the market index. That ambition was shared by 51 percent of Ultra-rich Millennial HNWIs.

A survey in August 2018 revealed that about ** percent of generation Z consumers in China were saving money, slightly lower than the global average of ** percent. Nevertheless, Generation Z still accounted for about ** percent of China's total household spending.

ESG Wealth Management Product Market Outlook

The global ESG (Environmental, Social, and Governance) Wealth Management Product market size was valued at approximately USD 1.5 trillion in 2023 and is projected to reach USD 4.2 trillion by 2032, growing at a compound annual growth rate (CAGR) of 12.1%. The growing emphasis on sustainable investing, coupled with increasing awareness of environmental and social governance issues, is a key factor driving the marketÂ’s robust expansion. Investors are increasingly seeking products that not only provide financial returns but also contribute positively to societal and environmental outcomes.

The growth of the ESG Wealth Management Product market is significantly driven by heightened awareness and demand for sustainable investing. Investors today are more conscious of the impact their investments have on the planet and society. This shift is being supported by a plethora of frameworks and guidelines, such as the United NationsÂ’ Principles for Responsible Investment (PRI), compelling asset managers and financial advisors to incorporate ESG criteria into their products and services. Additionally, regulatory bodies across regions are pushing for greater transparency and disclosure of ESG metrics, further amplifying the demand for these products.

The technological advancement in financial tools and platforms is another critical factor propelling market growth. With the advent of sophisticated AI-driven analytics and big data technologies, asset managers can now better assess ESG risks and opportunities. This capability enables the creation of more refined and targeted investment products that align with the specific ESG goals of different investor segments. Furthermore, digital platforms and robo-advisors are making it easier for retail investors to access ESG wealth management products, broadening the market base and supporting sustained growth.

Societal and generational shifts are also playing a pivotal role. Millennials and Gen Z, who are set to inherit significant wealth, demonstrate a strong preference for investments that align with their values. These younger investors prioritize sustainability and ethical governance, creating a long-term demand for ESG products. Moreover, institutional investors, including pension funds and insurance companies, are increasingly integrating ESG criteria into their investment decisions to mitigate risks and fulfill fiduciary responsibilities, thereby bolstering market growth.

Asset and Wealth Management has become increasingly crucial as investors seek to align their portfolios with sustainable and ethical values. This sector not only focuses on maximizing financial returns but also emphasizes the importance of responsible stewardship of resources. As the demand for ESG products grows, asset managers are tasked with integrating these principles into their investment strategies, ensuring that they meet both the financial and ethical expectations of their clients. This dual focus on financial performance and sustainability is reshaping the landscape of wealth management, making it more dynamic and responsive to the evolving needs of investors.

Regionally, North America and Europe dominate the ESG Wealth Management Product market, driven by robust regulatory frameworks and a higher level of awareness and commitment to sustainability. However, the Asia Pacific region is emerging as a significant growth area, with increasing adoption of ESG principles among local investors and governments. Latin America, the Middle East & Africa also present considerable potential, albeit currently at a nascent stage, as awareness and regulatory support continue to evolve in these regions.

Product Type Analysis

The ESG Wealth Management Product market can be segmented based on product types, including Equity Funds, Fixed Income Funds, Multi-Asset Funds, Alternative Investments, and Others. Equity Funds, which focus on investments in companies that meet specific ESG criteria, have been a dominant segment due to their transparency and potential for high returns. These funds allow investors to directly influence corporate governance practices and promote sustainability. They have seen significant uptake among retail and institutional investors alike, who seek to align their portfolios with responsible investment principles while maintaining growth potential.

Fixed Income Funds are also gaining traction, especially among conservative inve