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CNLP 653 | Ken Costa on The 100 Trillion Dollar Wealth Transfer, When Millennials and Gen Z Inherit Unprecedented Money, and The Keys to Wealth For Beginning Investors
The Carey Nieuwhof Leadership Podcast
The $100 Trillion Wealth Transfer: Revolutionizing Capitalism and Empowering Tech-Savvy Generations
Over the next 10 to 15 years, the boomer generation will transfer more than $100 trillion to zenials, millennials, and Gen Z, revolutionizing capitalism and empowering tech-savvy generations. This transfer is unprecedented due to the sheer quantum of money being transferred, boosted by low interest rates and asset inflation. Power is not just shifting in terms of wealth but also in influence, with the new generation being tech-savvy, socially influential, and having a clear agenda for using the wealth towards environmental care, sustainability, justice, and racial equality. The shift is already happening through entities like the Bank of Mum and Dad supporting younger generations with college fees, home deposits, and rent payments. The significance lies in how this wealth and power mixture is utilized by the upcoming generation, posing a key question for our time.
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