Hellow guys, Welcome to my website, and you are watching The Great Wealth Transfer... Won't Change Anything (probably). and this vIdeo is uploaded by How Money Works at 2024-07-11T05:51:03-07:00. We are pramote this video only for entertainment and educational perpose only. So, I hop you like our website.
| Name | The Great Wealth Transfer... Won't Change Anything (probably) |
| Video Uploader | Video From How Money Works |
| Upload Date | This Video Uploaded At 11-07-2024 12:51:03 |
| Video Discription | The first 500 people to use my link will get a 1 month free trial of Skillshare https://skl.sh/howmoneyworks07241 ----- Sign up for our FREE newsletter! - https://www.compoundeddaily.com/ Books we recommend - https://howmoneyworkslibrary.com/ ----- My Other Channel: @howhistoryworks Edited By: Svibe Multimedia Studio Music Courtesy of: Epidemic Sound Select Footage Courtesy of: Getty Images For sponsorship inquiries, please contact sponsors@worksmedia.group Sign up for our newsletter https://compoundeddaily.com 👈 All materials in these videos are for educational purposes only and fall within the guidelines of fair use. No copyright infringement intended. This video does not provide investment or financial advice of any kind. #wealth #finance #realestate ---- In the coming decades, the wealthiest generation in history will… die. It’s an unfortunate albeit inevitable fact of life… but baby boomers will eventually go extinct, and they will pass down over ninety TRILLION dollars [$90,000,000,000] to the next generation within America ALONE. This much money COULD fix a lot of problems like student debt, unaffordable housing, inadequate retirement savings and record credit card debt. BUT don’t get too excited just yet, because at best the great wealth transfer is a financial illusion, and it could actually just end up making things worse… Baby boomers are the wealthiest generation in history. In America they control half of the nation's wealth according to the 2024 wealth report prepared by the property management company Knight Frank. Other sources estimate that baby boomers only hold a mere seventy-eight trillion dollars [$78,000,000,000] in assets That difference of 12 trillion dollars is due to what you really define as wealth, and that slight difference in opinion is more than the collective wealth of half the planet. Regardless of the exact methodology used to calculate generation wealth they all agree on one thing, baby boomers are the kings and everybody else has been left is holding onto what is left over. That concentration of wealth has according to many come at the expense of younger generations who are now poorer than their parents were at the same age So that means that when life finds a way and this wealth is passed down it should fix these generational issues right? Wrong… So it’s time to learn How Money Works to find out why the great wealth transfer… probably won’t change anything |
| Category | Education |
| Tags | the great wealth transfer | wealth transfer | student debt | credit card debt | housing | real estate | unaffordable real estate | estate taxes | how money works | how history works | finance | business | economics | money | the wealth collapse | private equity | private businesses | inheritance | baby boomer wealth |
