Global Scans · Gen X · Weekly Summary

WHAT'S NEXT?: Over the next two decades, Gen Xers will begin taking over the leadership reins across all organizations. Gen Xers increasing incomes and savings will help them amass a net worth of $37 trillion in 2030.

• As grandchildren of the Silent Generation and baby boomers, Gen Z will generally see smaller inheritances than Gen X and millennials and will gain $11 trillion. Investopedia
• About 41% of the Gen Z workforce plans to attend physical classes to learn new skills, a higher percentage than both Gen X and baby boomers. Fortune
• Gen Z workers almost universally believe they will face obstacles to retire (at 99%), followed by 91% of Gen X, and smaller portions of millennials and boomers. Fortune
• Over the next two decades there will be a major transfer of wealth - collectively, $84 trillion - from baby boomers to younger generations including their Gen X children. Investopedia
• Gen Z will spend 56% more on gift cards in 2023 than last year - much higher than the 19% rise for millennials, 25% rise for Gen X and 9% rise for Baby Boomers. Modern Retail
• By 2045, $72 tn of wealth will be passed from Baby Boomers and the older members of Gen X to Millennials. LocalGlobe Notes
• We are on the cusp of a huge generational transfer taking place, with an estimated $84 trillion projected to be passed down from older Americans to Millennial and Gen X heirs through 2045, with $16 trillion expected to be transferred within the next decade. Traders Magazine
• In America, $84 trillion of wealth is expected to be passed down from older Americans to millennial and Gen X heirs through 2045, with $16 trillion transferred by 2033. Forbes
• To be clear, Simulation IV does not assume a 9 percentage point increase in Coalition support among Boomers, Gen X and Millennials between 2022 and 2040. The Centre for Independent Studies
• Coalition support among Boomers, Gen X and Millennials is assumed to increase by 9 percentage points per election from 2025 to 2040. The Centre for Independent Studies
• 27% of millennials will spend more for luxury goods online in 2023, compared to 20% of Gen Z, 22% of Gen X, and 21% of Baby Boomers. www.retailcustomerexperience.com
• Due to ongoing demographic shifts in the U.S., an estimated $84 trillion coming from the top 1.5% will be transferred from older generations over to Gen X, Millennials, and Gen Zs of the world over the next two decades. Allspring Global Investments
• Consumer research from CLIA has revealed the surprising finding that Millennial cruisers are the most enthusiastic about taking another cruise, with 87% indicating they will take one in the next few years, followed by Gen X at 85%. Forbes
• As most baby boomers will have retired over the next decade, with the oldest Gen X not far behind, Australia's health and retirement system is inevitably coming in for a hard landing with demographic reality. Monash Lens
• Younger (Gen Z and millennial) business leaders said they are more likely than older (Gen X and baby boomer) business leaders to be more optimistic about the potential actions the Biden administration will do to help advance the adoption of AI in enterprise. TechRepublic
• In 2022, millennial consumers plan to spend $255 on Halloween, followed by Gen Z, Gen X and baby boomers. Retail Dive
• Russian Gazprom has insisted that Western sanctions are to blame for Nord Stream operating at reduced capacity - saying that one of the turbines required could not be transported back to Russia after maintenance in Canada. Politico
• Gazprom, the Kremlin-controlled energy giant, says it will temporarily shut down its gas pipeline to Germany at the end of the month for repairs, a move likely to trigger more uncertainty in Europe as countries struggle to compensate for cuts in Russian fossil fuels. The New York Times
• The economy ministry now forecasts pipeline gas volumes from Russian exporter Gazprom will fall to 170.4 billion cubic meters in 2022, compared to its forecast published in May of 185 bcm and versus 205.6 bcm exported in 2021. Reuters
• Moldova buys natural gas from Russia and asked Russian gas giant Gazprom earlier in August if it could delay its payment for this month. ESM Magazine
• Since mid-June Russia's Gazprom has been supplying less gas than requested to Eni, and European countries fear it could completely halt its supplies in the coming months. American Fuel & Petrochemical Manufacturers

Last updated: 11 January 2025