Navigating the $100 Trillion Handover: Boomers to Gen Z
In this episode of the Cashflow Academy Podcast, host Andy Tanner talks with investment banker Ken Costa about the significant wealth and power shift from Baby Boomers to Generation Z.
Costa, with his extensive background in global finance and author of the book 'How the Handover from Boomers to Generation Z Will Revolutionize Capitalism,' discusses the implications of this transfer for capitalism and society. He emphasizes the importance of understanding and leveraging this shift to foster a cooperative and productive future between generations.
The discussion dissects the role of technology, social media, and the evolving values shaping investment and economic trends. Costa advocates for a 'co-destiny' approach, where mutual understanding and learning between generations can lead to more informed, ethical, and successful financial strategies. Tanner and Costa also touch on the challenges and opportunities that come with this generational transition, including addressing climate change, social inequalities, and the urgent need to adapt investment practices to align with the priorities of younger generations.
More from Andy Tanner:
00:00 Introduction
00:21 Meet Ken Costa: A Global Perspective on Finance and Generational Wealth
01:23 The Power and Challenges of Generation Z
03:20 The 100 Trillion Wealth Transfer: A Deep Dive
11:34 Investment Insights and the Future of Capitalism
17:21 Bridging Generational Divides: A Vision for Co-Destiny
22:17 Investment Strategies in a Changing World
29:05 Final Thoughts and the Importance of Learning Across Generations
31:06 Resources
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Disclaimer: The information provided in this video is for educational and informational purposes only. It should not be considered as financial advice or a recommendation to buy or sell any financial instrument or engage in any financial activity.
The content presented here is based on the speaker's personal opinions and research, which may not always be accurate or up-to-date. Financial markets and investments carry inherent risks, and individuals should conduct their own research and seek professional advice before making any financial decisions.
More Gems 💎💎💎
What about GenX?? You skipped some generations there…
There’s too few of us, we dont move the needle.
We were to busy working, missed us
Yep, always interesting how GenX seems to be usually forgotten or minimal coverage— wonder why🧐
It’s no surprise that this lazy, entitled generation would assume the wealth will be handed over to them. I wouldn’t spend it til I get it…..many are in for a shock.
either this is an example of: tell me you didn’t watch the video, without telling me you didn’t watch the video or it’s an example of I’m too blinded by hate to actually hear what was said in the video. Either way, you missed the point of the guest.
Baby boomers could afford a house and a family off a part time gas station job. They printed endless amounts of currency and filled the country with immigrants to pump up their stocks and now want to sell the new generation their 20k houses for a million dollars. The first generation to hand the country down worse than they got it and they call everyone lazy.
That is why crypto is huge in future. 🚀
I lost over $70k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that’s what everyone said. I’m still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I’m really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Kathleen Chandler
Wow. I’m a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, i’m in my fifth trade with her and it has been super.
You trade with Kathleen Chandler too? Wow that woman has been a blessing to me and my family.
YES!!! That’s exactly her name (Kathleen Chandler) so many people have recommended highly about her and am just starting with her from Brisbane Australia🇦🇺
Please let me know how to contact her as I’m new to this.
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills.
I see gold going down to 200-300 dollars… Look at the monthly… TA…
Debt does not have to be Payed — forget about it
Nice one Andy