All the Hacks with Chris Hutchins Money: What Each Generation Gets Right (& Wrong) with Ben Carlson
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Jun 25, 2025 
Ben Carlson, Director of Institutional Asset Management at Ritholtz Wealth Management and author of the popular financial blog, A Wealth of Common Sense, dives into how different generations handle money. He discusses wealth transfer challenges between baby boomers and millennials, contrasting investment strategies, and the importance of personal circumstances in home buying. Carlson also elaborates on credit card rewards and the role of technology in financial management, providing practical insights for navigating today's complex investment landscape.
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Boomers' Spending Mindset Challenge
- Baby boomers struggle psychologically to spend their accumulated wealth after saving for decades.
- Millennials may not inherit money until later in life due to boomers living longer, delaying the transfer.
Risk Acceptance of Younger Generations
- Younger generations are more comfortable with financial risk and speculation due to experiences with recent market crashes.
- Investing is often mixed with entertainment and lottery-like speculation for millennials and Gen Z.
Buy Houses Based on Life Stage
- Buy a home when you can afford it rather than trying to time the market or wait for lower mortgage rates.
- Focus on a house you can live in for 7 to 10 years minimum to avoid heavy cost frictions from moving.