Why Gen Z’s Wealth-Building Future Could Be Threatened by AI
Summary
The article examines concerns that artificial intelligence could weaken Gen Z Americans’ ability to build wealth by disrupting jobs and earnings. A TIAA survey found that Gen Z respondents were more likely than respondents overall to view workplace AI as a threat to retirement plans, though an economist said AI’s effects will depend on how employers and workers use it.Key Facts
- In an October TIAA report, 40 percent of surveyed people said they considered AI in the workplace a threat to their retirement plans; the figure was 51 percent among Gen Z respondents.
- One-third of TIAA survey respondents said they were very or extremely concerned that AI could disrupt their careers or reduce their earning potential before retirement.
- A 2025 Northwestern Mutual report said Gen Z people who work with financial advisers began doing so at an average age of 23, compared with 30 for millennials and 49 for Boomers and older generations.
- A U.S. Bank survey of 5,000 adults, conducted from June 15 to July 1, found that respondents reported starting to build wealth at an average age of 19 for Gen Z, 25 for millennials, and 29 for Gen X.
- In the U.S. Bank survey, 29 percent of Gen Z respondents said debt had affected their plans to achieve goals such as homeownership.
- Economist Teresa Ghilarducci said AI could help workers if it complements their skills, but could hurt them if employers use it to replace labor or intensify work.
- The article cites a Senate report that said 100 million U.S. jobs could be at risk from automation and AI.
- The article says Challenger, Gray & Christmas reported that AI was cited in 121,401 announced job cuts as of October.
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