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Making Money

Are we worse off than our parents? Financial journalist Iona Bain

Apr 22, 2024
Financial journalist Iona Bain discusses the financial challenges faced by younger generations compared to their parents. Topics include shifting mindsets in personal finance, navigating inheritance and wealth transfer, digital influencers, ethical dilemmas, and redefining financial success for the younger generation.
01:05:57

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Podcast summary created with Snipd AI

Quick takeaways

  • Acquiring basic assets like housing poses a challenge due to stagnant wages and rising costs.
  • Quantitative easing widens generational wealth gaps, hindering younger individuals from accessing inflated assets.

Deep dives

Challenges Faced by Younger Generations in Finance

Younger generations are encountering financial challenges different from those of previous generations, particularly in the realms of wage stagnation, the rising costs of housing, and unprecedented expenses related to education. The juxtaposition of stagnant wages against soaring housing costs and education expenses creates a financial landscape where acquiring basic assets, like housing, becomes increasingly challenging for the younger demographic.

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