Bank of America Survey: 42% of Gen Z Live Paycheck-to-Paycheck; Nvidia Target at $320
A Bank of America survey shows 34% of Gen Z rely on family support, down from 46% in 2024, while 42% report living paycheck-to-paycheck and 66% are saving. The bank held a Buy rating and $320 target on Nvidia, expecting Q1 revenue to beat estimates by $2–4 billion.
1. Decline in Gen Z Family Assistance
Bank of America found that only 34% of Gen Z adults aged 18–29 receive financial help from family, a drop from 46% in 2024. Assistance rates vary by cohort, with 51% of younger Gen Z (18–22) supported versus 29% of middle (23–25) and 18% of older Gen Z (26–29).
2. Gen Z Cost Management and Savings Habits
Nearly 70% of Gen Z have taken steps to manage rising costs, including 40% cutting dining out, 24% skipping social events and 16% starting side hustles. Despite 42% living paycheck-to-paycheck, 66% report saving—with 36% putting leftover money into savings, 22% contributing to 401(k) plans and 21% automating savings.
3. Nvidia Rating and Revenue Forecast
The bank maintained a Buy rating and $320 price target on Nvidia, projecting fiscal Q1 revenue will surpass current sell-side expectations by 2%–4% (equivalent to $2–4 billion). Analysts highlighted anticipated margin durability near 75% and key debates over cash returns, new product ramps and competitive risks.