Even billionaires are worried their Gen Z kids can’t keep a job—and their wealth advisors say the fear is ‘very real’

Even the wealthiest parents in America are worried about their kids’ financial futures. Millions of Gen Zers face unemployment as entry-level hiring has slowed, competition has become fiercer, and AI takes over tasks that were historically performed by recent grads.  

In a world where seemingly no one is immune to the impacts of AI on the workforce and an increasingly stiff job market, ultra-high net worth people are starting to have the same concerns as middle-class and low-income families: Will my kid be able to get a job and support themself?

“Billionaires have the financial resources to support their children, but they sometimes struggle to determine what else is needed for their children to succeed,” Tom Thiegs, managing director of leadership and legacy at Ascent Private Capital Management with U.S. Bank, told Fortune...