Global Scans · Millennials · Weekly Summary

• Africa will remain a Gen Z-driven continent over the next decade - a notable contrast to global markets, where Millennials and Gen X continue to dominate. Nairobi Wire
• Gen Z + Millenial workforce: By 2030, 75% of the workforce will be millennials and Gen Z, three generations will be in the workplace at the same time and traditional mentoring approaches for knowledge transfer will need to be changed. My Training Shop
• Gen Zers, millennials and Gen Xers are all more likely than baby boomers to say they will spend more on travel in 2025 than they have in years past (52%, 59% and 51% versus 43%). The Points Guy
• Gen Zers, millennials and Gen Xers are all more likely than baby boomers to plan to travel for an event in 2025 (44%, 54% and 40% versus 23%). The Points Guy
• Over the next two decades, an estimated $84 trillion will transfer from Baby Boomers to younger generations including Millennials and Gen Z, marking the largest wealth transfer in history. DC Bank
• In 2025, especially with Gen Z and Millennials now making up the majority of the workforce, people expect their leaders to be real with them. Forbes
• While most women are focused on short-term financial goals in 2025, younger generations in particular plan to increase their annual retirement savings contribution in 2025 (48% of Gen Z, 45% of Millennials). Equities.com
• By 2035, workplaces would most likely have five generations under one roof - Boomers, Gen X, Millennials, Gen Z, and Gen Alpha. Online Manipal
• The Shift in Consumer Behaviour: By 2025, millennials and Gen Z will represent a larger share of the global workforce, with collective purchasing power that shapes industries. JapanChangeMoney.com
• The UK is about to witness a Great Wealth Transfer, where an estimated £5.5 trillion is set to pass down from Baby Boomers to Millennials and Gen Z by 2045. The Financial Services Forum
• Within the next five years, Millennials and Gen Z are projected to comprise 75% of the workforce, which means ignoring their preferences is no longer an option. Skift Meetings
• While younger consumers (Gen Zers and Millennials) are still more likely to participate overall, the share of Gen Xers who are going dry in 2025 is up 7 points - the biggest increase of any generation. Morning Consult Pro
• Households headed by someone under age 35 are projected to decline 1.8% in the next decade, because Gen Z and Gen Alpha are not expected to see as much population growth resulting from immigration as millennials did at similar ages. RealEstateNews.com
• The Great Wealth Transfer refers to the transfer of $84 trillion in assets from Baby Boomer parents to their Gen X, Millennial, and Gen Z children and grandchildren by 2045. Shortform Books
• Over the next two decades, Baby Boomers will transfer an estimated $84 trillion to Millennials and Gen Zers, in what is labeled as one of the greatest shifts in economic power of our time. FinExtra
• By 2035, McCrindle wrote, members of Gen Beta - who follow Gen Alpha, or Gen Z, as well as Generation Y, also known as millennials - will make up 16% of the global population and many of them will live to see the 22nd century. PEOPLE
• A 'Great Wealth Transfer' has long been predicted by industry and tax pros, and many have estimated that $90 trillion will change hands from boomers to millennials and Gen Zers in the coming decades. Fortune
• 40% of Gen Z and 31% of millennial holiday shoppers expect to spend more in 2024, versus 19% of Gen Xers and 15% of baby boomer holiday shoppers. Bankrate.com
• Gen X and Millennials in the United States are at greater risk for 17 cancers than were previous generations. Curetoday
• Merriman highlighted that by 2030, millennials, Gen Z, and Generation Alpha will make up 75% of the workforce, driving major shifts in workplace dynamics and expectations. The Bottom Line
• With Gen Z and Millennials expected to make up almost 60% of the global workforce by 2030, organizations need to adopt tools to bridge the generational gap, improve communication and create a more harmonious and productive workplace. theHRDIRECTOR
• In the coming years, the luxury sector will undergo a profound transformation driven by generational change, particularly with Generation Z (born between 1997 and 2012) and Millennials (born between 1981 and 1996), who by 2030 will constitute the majority of global luxury consumers. LUXONOMY

Last updated: 11 May 2025