- JPMorgan Chase CEO Jamie Dimon remains optimistic about the future for younger generations, believing that advances in technology and the massive Great Wealth Transfer will help Gen Z and Gen Alpha live longer, more prosperous lives. Despite current financial struggles, such as unaffordable housing and job-related costs, Dimon urges young people to focus on personal growth, hard work, and maintaining well-being.
While uncertainty might be muddying the economic outlook in the short term, JPMorgan CEO Jamie Dimon says that in the long run, younger generations have many reasons to be optimistic.
The Wall Street veteran believes technology will help younger generations—like Gen Z and Gen Alpha—live longer, healthier lives, and that the economy will likely go from strength to strength.
He added that younger people are set to benefit financially from inheritance passed down by boomer and Gen X relatives, known as the Great Wealth Transfer.
“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 in a recent interview with Fox News.
“People say the next generation’s in bad shape. Really? They’re going to inherit a country that’s worth two [or] three hundred trillion dollars. They’re probably going to live to 120; AI is going to cure some cancers.
“They shouldn’t be bemoaning their situation, they should be looking at the world and saying, ‘What can I make of it? What can I do better than the folks before me?’”
It’s true that Gen Z is concerned about their financial welfare in 2025, but data suggests that many of their fears will be relatively short-lived.
For example, Gen Zers (people born between 1997 and 2012) say they are having to turn down job opportunities because they can’t afford commuting expenses and have decided to focus on their pets in lieu of having children because kids have become too expensive to raise.
In addition, they’re abandoning their dreams of owning a home soon—unless they believe they’ll receive an inheritance soon.
This cash-strapped present may prove a contrast to their wealthy future, however, with the Great Wealth Transfer estimated to trickle around $84 trillion from the baby boomer and silent generations to their younger relatives.
Indeed, the shift will be so great that millennials are expected to be the wealthiest generation in history in the coming two decades.
This isn’t the first time Dimon has shared such a rosy picture of what the future will look like for the up-and-coming workforce.
In 2023, Dimon, now 69, said that AI will not only allow people to live into their hundreds but will also vastly reduce the working week. Speaking to Bloomberg TV, he said the next generation of workers will only work 3.5 days a week.
Achieving Dimon’s level of success
The banker paid $39 million for his work in 2024 has never been shy about sharing tips on how younger people can begin working toward his level of success.
In the past, that included getting off social media platforms like TikTok and Facebook and reading books instead.
But the father of three is also an advocate of taking care of both mind and body to achieve one’s potential.
This is the advice he reiterated in the interview released yesterday when Dimon told host Maria Bartiromo: “Take care of yourself. If you don’t take care of your mind, your body, your spirit, your soul, your friends, your family, you’re not going to have a great life and enjoy it.
“Have a little heart and humanity, treat people properly. [The way] I grew up, the way you treat everyone is fair and honest and forthright … and you’ll have a great life.”
Of course, achieving the level of running America’s biggest bank doesn’t come without persistence.
He added: “Work hard. Learn, learn, learn, read everybody—don’t get into the echo system of Democrats, Republican, conservative, progressive … learn from everybody else.”
