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: www.yourinvestingclass.com
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.
Yep, always interesting how GenX seems to be usually forgotten or minimal coverage- wonder why🧐
More Gems 💎💎💎
What about GenX?? You skipped some generations there...
We were to busy working, missed us
Gen Xers are already behind the curve by being too lazy compared to previous generations! If Xers are too lazy, why does anyone think Zers will be any better??!!!
We're always forgotten
Nice one Andy
How many times do you look at people making huge money from investments and wish you would have taken action when they did?
How?
How?
How?
How?
Debt does not have to be Payed -- forget about it
I see gold going down to 200-300 dollars... Look at the monthly... TA...
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.
Please let me know how to contact her as I'm new to this.
she's mostly on Telegrams, using the user name
fxannchandler 💯 ..that's it
Don't assume that debt is for our benefit and there are plans to repay it. We become slaves to the debtor. They use our servitude to impose their will and to remake societies.
Zillennials are the future.
That is why crypto is huge in future. 🚀
@11:30 Saying Gen Zer will be economically far more productive than Boomers is misleading. AI and automation will play a huge part of this and most of this came about because of the work the Boomers did and the productivity increase are the result of that work to lay the fundamental foundation and not because Gen Zers are more 'productive' in their actual human output! Gen Xers are already worse in productivity and it is a far stretch to say Gen Zers will be any better!
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.
the only 100 trillion dollar handover we are getting is the federal debt once you boomers are gone..