EP 752 Baby Boomers to Zennials: Largest Generational Transfer of Wealth in History is Just Ahead

In the next ten years, in the United States alone, 61 trillion dollars will transfer from baby boomers to the younger generations. With that wealth comes the power to determine the structure of our society and economy.  The amount of money that will be moving is staggering, unlike another in human history.  And how the younger generations value it and the system that produced it will determine the future of societies around the globe. Given that this transfer comes on the heels of various cataclysms, like the 2008 financial meltdown, 9-11 and later the disorienting impacts of the pandemic and growing concerns over climate change, these generations seem to be demonstrating a much different outlook as to their values and priorities.  What will that mean for capitalism itself?  To discuss this fascinating topic we are joined by Ken Costa, one of the top five deal makers in Europe over the past 25 years and a seasoned investor formerly of UBS Investment Bank(EMEA)and Lazard International and currently chair of Ken Costa Strategic and author of “The Hundred Trillion Dollar Wealth Transfer: How the Handover from Boomers to Gen Z will Revolutionize Capitalism.”

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