The Growing Generational Wealth Gap

The Growing Generational Wealth Gap

The long-suffering generation of millennials are now set to be significantly poorer than both baby boomers and Gen X'ers. Having entered the workforce during the fallout of the 2008 mortgage crisis and then being hit particularly hard during this current crisis has meant that today millennials only account for 3% of national wealth, where boomers at the same point in their lives accounted for 27%. This trend is more than just another pity party for our fellow latte-sipping millennials. On a wider level, the share of wealth owned by people under the age of 40 has shrunk from 13% to just under 7% over the past 3 decades. Even if we ignore the social issues of younger families having to make do with half that of what their parents did this can have some serious Therefore if this trend continues businesses around the world might start to lose out on their Goldilocks zone of consumer spending. What is causing this downward pressure on wealth in younger generations? What will this mean for the future growth of nations like the USA? And could this just be a waiting game of wealth, inevitably getting passed down? Learn more about your ad choices. Visit megaphone.fm/adchoices

Episoder(286)

How Economics Has Changed Dating

How Economics Has Changed Dating

📫 3,800+ read our free newsletter that has weekly origional stories Sign up: → https://economics-explained-tv-program.beehiiv.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

9 Apr 14min

What’s Really Behind Africa’s “Economic Miracle”

What’s Really Behind Africa’s “Economic Miracle”

📫 3,900+ read our free newsletter that has weekly original stories Sign up: → https://economics-explained-tv-program.beehiiv.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

6 Apr 21min

Is Degrowth the Only Answer?

Is Degrowth the Only Answer?

📫 3,000+ read our free newsletter that has weekly original stories Sign up: → https://economics-explained-tv-program.beehiiv.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

31 Mar 18min

Why $129,000 Is the New Poor

Why $129,000 Is the New Poor

📫 3,100+ read our free newsletter that has weekly original stories Sign up: → https://economics-explained-tv-program.beehiiv.com/ This video was inspired by Michael Green's article "Part 1: My Life...

23 Mar 14min

The Rise Of The Middle Powers

The Rise Of The Middle Powers

Europe and the United States share the largest trade relationship in the world, worth nearly 2 trillion dollars each year, but that partnership is starting to fracture. Beneath the surface, this relat...

17 Mar 33min

Did China Just Drop The Ball On Global Dominance?

Did China Just Drop The Ball On Global Dominance?

China’s position as the world’s factory is shifting. Growth is slowing to approximately 4-5%, wages are rising, the workforce is shrinking due to an aging population, the property crisis is weighing o...

22 Des 202516min

A Short Story About Why You Cannot Buy A House

A Short Story About Why You Cannot Buy A House

Home ownership is now unattainable in every major city worldwide. For the first time, none of the 95 cities tracked by Demographia are considered affordable. In cities such as Hong Kong (14.4 times in...

2 Des 202512min

The $400 Trillion Problem No One Wants to Talk About

The $400 Trillion Problem No One Wants to Talk About

The world’s pension promise is unraveling. In the 1950s, sixteen workers supported each retiree; today, that number has shrunk to just 2.7. This dramatic shift is straining pay-as-you-go pension syste...

17 Nov 202517min

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