Can fresh blood stand against during these uncertain times of great opportunity and growth?

The year 2024 is still a few years away, but it's not too early to speculate on whether Generation Z (Gen Z) will be able to surpass the baby boomers in terms of political and economic power. Gen Z, born between the mid-1990s and the mid-2010s, is the most diverse and technologically savvy generation yet. On the other hand, the baby boomers, born between the mid-1940s and the mid-1960s, are currently the largest living generation in the United States, with significant political and economic influence.

In terms of population size, Gen Z is projected to surpass the baby boomers by 2031, according to Pew Research Center. This demographic shift could have a significant impact on politics and economics, as younger generations tend to have different values and priorities than older generations. However, it's important to note that political and economic power is not solely determined by population size. Factors such as voter turnout, wealth distribution, and political engagement also play a role.

One potential advantage that Gen Z has over the baby boomers is their level of political engagement. According to a study by CIRCLE (The Center for Information & Research on Civic Learning and Engagement), Gen Z is more politically engaged than previous generations at the same age. The study found that 73% of Gen Z voters turned out to vote in the 2018 midterm elections, compared to 65% of millennials and 61% of baby boomers. This high level of political engagement could translate into greater political influence for Gen Z in the future.

Another advantage that Gen Z has over the baby boomers is their technological savvy. Gen Z has grown up with smartphones, social media, and other digital technologies, which have fundamentally changed the way they communicate, consume media, and engage with politics. This digital nativity could give Gen Z an edge in terms of political mobilization and fundraising, as they are more comfortable with online campaigning and digital activism.

However, there are also challenges that Gen Z faces in terms of political and economic power. One major challenge is wealth distribution. According to a report by The Institute for Policy Studies, the top 1% of households own more wealth than the bottom 90%. This wealth gap disproportionately affects younger generations like Gen Z, who are entering adulthood during an economic recession caused by COVID-19. This lack of wealth could make it more difficult for Gen Z to accumulate political and economic power compared to older generations who have had more time to accumulate wealth through investments and homeownership.

Another challenge that Gen Z faces is voter suppression. In recent years, there have been efforts to restrict voting rights through measures such as voter ID laws, poll closures, and gerrymandering. These efforts disproportionately affect younger voters like Gen Z who are less likely to have a government-issued ID or a fixed address. This voter suppression could make it more difficult for Gen Z to translate their high level of political engagement into political influence at the ballot box.

In conclusion, while Gen Z has some advantages over the baby boomers in terms of political engagement and technological savvy, they still face significant challenges in terms of wealth distribution and voter suppression. It's unclear whether Gen Z will be able to surpass the baby boomers in terms of political and economic power by 2024 or beyond. However, it's clear that younger generations like Gen Z are increasingly politically engaged and technologically savvy, which could lead to significant shifts in politics and economics in the coming decades. It's important for policymakers to address these challenges facing younger generations like Gen Z in order to ensure that they have equal opportunities for political and economic power in society.

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