LOS ANGELES — A new UCLA study shows that while many Gen Z-ers still hold on to the idea of the American Dream, they also doubt they can achieve it. 

What You Need To Know

  • Over 50% of Gen Z is extremely worried about money, with many balancing jobs and side hustles

  • Citing high costs of living and economic barriers, 60% of Gen Z believes the American Dream is out of reach

  • Mental and physical well-being have become a top priority for Gen Z, with financial independence ranked second

  • Social media influences perceptions of success, with young people wanting more realistic depictions of financial struggles in media

The study highlights that over 50% of Gen Z is deeply concerned about their finances, and nearly half are juggling jobs and side hustles to make ends meet. For many, economic struggles and the high cost of living are major obstacles standing in the way of success.

Eva Vaca, 18, who is balancing a full-time job with college studies, feels the weight of these challenges.

“I work full time. I’m in school full time. I think I’m ahead of the game," she said. "I would like to think that way. And even knowing that, I think it’s still going to be a very big challenge to like obtain the goals I have for myself in the future."

Vaca, like many in her generation, wants the traditional American Dream — a home, a family and financial stability. However, she acknowledges that those goals often feel out of reach.

“I think it’s really hard to achieve that now just because of how expensive everything is,” she said.

The UCLA study found that while 86% of Gen Z still believes in the American Dream, 60% feel it is now unattainable. The top reasons for this shift in perception include economic barriers, lack of support, health challenges, social and political issues, and education.

Atlas Burrus, 22, a research manager at the Center for Scholars & Storytellers, explained the generational shift.

“Adolescents and Gen Z believe in the American Dream, but they find it less achievable than ever before," Burrus said. "They also believe that happiness will be harder to achieve for them than it was for previous generations, including their parents.” 

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The study also reveals that Gen Z is reshaping what success looks like. For many, mental and physical well-being now takes precedence over financial independence, which is now ranked second in importance.

For Vaca, the pursuit of the American Dream isn’t just about financial stability — it’s about finding balance. Despite her demanding schedule, she makes time for things that bring her joy, like painting.

“I’m 18 years old. I pay for my apartment, I pay for my food. I pay for my school. I do it on my own, and that makes me proud of myself. And that’s what makes me happy,” she said.

For Vaca, the American Dream isn’t just a destination — it’s about finding happiness along the way.