🌟 [ 23 ]   The Great Wealth Transfer... Wont Change Anything (probably) [ @How Money Works ]

The first 500 people to use my link will get a 1 month free trial of Skillshare [ 🔗 Click ‼️ ] - Sign up for our FREE newsletter! - [ 🔗 Click ‼️ ] Books we recommend - [ 🔗 Click ‼️ ] - 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 [email protected] Sign up for our newsletter [ 🔗 Click ‼️ ] 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 .

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