Over 50% of Gen Z Cite Costs, Bank of America’s Investment Banking Arm Shifts from Slump to Surge
Bank of America’s 2025 Better Habits Study finds over 50% of Gen Z view high living costs as a barrier, leading some women to rent rooms at London’s RMI convent hostel with free breakfast. Its investment banking arm has turned from decline to renewed growth, driven by a deal flow rebound.
1. Gen Z Housing Shift via Better Habits Study
Bank of America’s 2025 Better Habits Study finds over 50% of Gen Z respondents identify high living costs as a barrier to financial progress. As a result, some young women in London are renting low-cost rooms at the RMI convent hostel, which provides free breakfast, curfews, guest restrictions and weekly communal activities.
2. Investment Banking Revival
Bank of America’s investment banking arm has shifted from a period of decline to renewed growth, reflecting a rebound in deal flow and advisory service demand. This upswing signals improved market conditions and positions the bank to capture additional capital markets transactions in the coming quarters.