4 Things Gen Z Should Do With Their Money Now That Trump Will Be President
Written by
Nicole Spector
Edited by
Molly Sullivan
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information. We use data-driven methodologies to evaluate financial products and services - our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines and our products and services review methodology.
20 Years
Helping You Live Richer
Reviewed
by Experts
Trusted by
Millions of Readers
Some research suggests that around half of Gen Z voters backed Vice President Kamala Harris as the 2024 presidential nominee, while around one-third backed now-President-elect Donald Trump. But now, following Trump’s landslide win, it doesn’t much matter who you voted for; what matters is who will be the next president. Obviously, that’s Trump, who will be sworn back into the Oval Office on Jan. 20, 2025.
The financial climate has already changed since the news of Trump’s win — serving as a sneak peek of what we can expect in the near future. It’s already clear, to an extent, what financial opportunities Gen Z must seize so as to grow their wealth under another Trump presidency. These are the four things Gen Z should do with their money now that Trump will be president, according to experts.
Invest In Natural Resources
One of Trump’s presidential campaign slogans was “Drill Baby, Drill” — a message that loudly aligns with his support of the American gas and oil industries. Gen Z should take note and make moves to invest in natural resources.
“Drilling is likely to experience rapid growth, so investments in American oil will likely perform well,” said Melanie Musson, a finance expert with Clearsurance.com. “Along those lines, coal, copper and other natural resources in the U.S. are good options for investors.”
Invest In Big Companies Focused On AI
Though there is no shortage of tech startups developing various AI products and services, there are also behemoth companies like Apple, Google and IBM focused on delivering on the promise that AI is the future and, to some extent, the present.
Chad Olivier, CFP and CEO of The Olivier Group, thinks that, in light of the incoming Trump presidency, Gen Z should be extra keen on investing in these legacy companies developing AI projects.
“The Trump policies of deregulation will bring many of these technologies to the market even faster than anticipated,” Olivier said. “Gen Z can invest in big-name, well-established companies and, as long as they stay invested, do very well. The key is to stay invested and not go with the temptation of trying to buy and sell these great companies.”
Olivier recommended continuously saving 20% to 30% of each paycheck and then investing it. “That is where you accumulate real wealth,” he said.
Embrace Crypto
Trump has long been bullish on cryptocurrency — more so, publicly, than any previous president. His avid support of crypto has contributed to a recent surge in the performance of Bitcoin, which soared above $100,000 for the first time shortly after he won the 2024 presidential election. Gen Z investors should take note.
“President-elect Trump has indicated a very positive tone towards the cryptocurrency world,” Olivier said. “Now that ETF (exchange-traded funds) are involved with the crypto world, it makes it much easier to participate.”
Invest In Career Growth in the Technology Sector
Growth in AI isn’t limited to investors; if it does boom as Olivier expects it too, it will also present job opportunities that Gen Z should embrace. Now is the time for Gen Z to think about how they can immerse themselves in AI in order to get a promising career in the burgeoning sector.
“They need to ask themselves, where will this AI take us and what may become of the dinosaur,” Olivier said. “If you have old skills, you need to be studying and learning new skills. If you don’t, the world will pass you by.”
More From GOBankingRates
