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The Julia La Roche Show cover image

#183 Neil Howe On The Fourth Turning, Tribalization of America, And The Attempted Assassination of Former President Trump

The Julia La Roche Show

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Embrace Change: Millennials and the Burden of Investment

Millennials exhibit a proactive approach to investing, often defaulting into Target Date funds via their 401k plans, contrasting with Boomers who had to actively opt in. This generation’s sense of financial responsibility is notable, with many in their early twenties demonstrating a serious commitment to saving—a mindset less common among their Boomer counterparts at the same age. However, there are concerns about the potential financial crisis linked to the impending retirement of Boomers. This scenario raises questions about wealth mobilization and the economic strategies that might be employed, such as increased debt issuance, tax raises, and inflation, to manage public burden sharing during crises. Historical precedents indicate that inflation acts as a mechanism for redistributing wealth, impacting purchasing power, especially for those invested in nominal assets like bonds. Financial repression could also resurface, as observed during major historical conflicts, limiting the ability to liquidate bonds and requiring continuous investment in government-directed financial products.

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