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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
Exploring Generational Wealth Transfer and Responsibility to Churches
The transfer of wealth between generations raises the question of whether boomers and gen X are including churches in their estate planning, with a focus on remembering the kingdom. Generosity during their lifetime, such as paying tithes and contributions to churches, may influence their decisions. However, there is uncertainty about the extent to which this is happening, as statistics are lacking. While previous generations typically supported declining mainline churches through legacies, this trend seems less common in evangelical and non-denominational churches. The belief that the next generation, benefiting from the financial transfer, should be responsible for supporting churches and communities where they operate is becoming prevalent, reflecting an altruistic perspective.
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