Jamie Dimon argues younger generation should stop ‘bemoaning the situation’ in the US

Younger Americans person nary logic to beryllium glum astir nan early — arsenic agelong arsenic there’s nary “nuclear war,” JPMorgan Chase CEO Jamie Dimon said.

“These kids, anyone who’s depressed, arsenic agelong arsenic we don’t have, like, atomic war, they’re going to person an unbelievable life,” Dimon told Fox Business big Maria Bartiromo.

The billionaire Wall Street powerbroker cited nan tremendous full net-worth of US households, that successful clip will beryllium passed down to younger generations, and technological advances he believes will let Gen Z and Gen Alpha to unrecorded agelong and patient lives. 

Dimon indicated that he has precocious hopes for nan early — and kids should too. AP

“People opportunity nan adjacent procreation is successful bad style – Really?” Dimon said during his Wednesday appearance. “They’re going to inherit a state that’s worthy $200-$300 trillion. They’re astir apt going to unrecorded to 120. [Artificial intelligence] is going to cure immoderate cancers.” 

“They shouldn’t beryllium bemoaning nan situation.”

The Federal Reserve found that households net-worth accrued to $169 trillion past month. 

By 2045, much than half that total, $84.4 trillion, is projected to beryllium transferred to heirs, marking a important multigenerational wealthiness transfer, according to experts astatine nan financial services patient Cerulli Associates. 

Instead of moping, disillusioned youths “should beryllium looking astatine this world and saying, ‘What tin I make of it?’ You know, ‘What tin I do amended than nan folks earlier me?’” Dimon argued.   

Dimon based on that younger group request to extremity “bemoaning nan situation” successful nan US. Getty Images

The CEO besides suggested younger group should “take care” of themselves arsenic portion of their preparations for a successful future. 

“If you don’t return attraction of your mind, your body, your spirit, your soul, your friends, your family — you’re not going to person a awesome life and bask it,” Dimon said. 

“Have a small bosom and humanity, dainty group properly. [The way] I grew up, nan measurement you dainty everyone is adjacent and honorable and forthright … and you’ll person a awesome life.”