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"The 100 Trillion Dollar Wealth Transfer: How the Handover from Boomers to Gen Z Will Revolutionize Capitalism" by Ken Costa
Mar 27, 2024
Financial expert Ken Costa discusses the 100 trillion dollar wealth transfer from Boomers to Gen Z, examining how this shift will revolutionize capitalism with a focus on ethics, climate change, and purpose. The podcast explores bridging the gap between generations, transitioning wealth with purpose, and fostering cooperation and meaningful work across generations in capitalism.
17:34
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Quick takeaways
- Gen Z's focus on ethics and climate change will reshape capitalism.
- Collaboration between boomers and Gen Z is essential for a sustainable future economy.
Deep dives
The Evolution of Capitalism
Capitalism is being challenged as a sustainable economic model, with questions arising about its role in perpetuating inequality and injustice. Ken Costa, an investment banker, predicts that Gen Z's focus on addressing climate and justice issues, alongside their digital savvy nature, will significantly mold the future economic landscape. The transfer of wealth from boomers to Gen Z is highlighted as a pivotal moment that could redefine capitalism, with an emphasis on empowering the younger generation to shape economic priorities.
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