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Podcast: Wealth Formula Podcast
Episode: 433: News of the Week 05/29/24
Description: The upcoming wealth transfer from Baby Boomers to younger generations is a significant and unprecedented event in history, often referred to as the "Great Wealth Transfer." Research indicates that about half of this $100 trillion transfer will go to Gen X, with the other half going to Millennials and Gen Z. This generational shift is interesting, as Gen X has been described as less altruistic, preferring to retain wealth for themselves, compared to the younger generations' greater focus on social equity and environmental sustainability. It will be intriguing to see how this "impact" orientation evolves as Millennials and Gen Z age...