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

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Episoder(291)

Why Essential Workers Are Going Extinct

Why Essential Workers Are Going Extinct

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1 Jun 16min

MIT Just Found The Cause Of The AI Bubble

MIT Just Found The Cause Of The AI Bubble

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29 Mai 17min

Has the World Become Uninsurable?

Has the World Become Uninsurable?

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25 Mai 16min

Finland's Happy Little Economic Crisis

Finland's Happy Little Economic Crisis

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22 Mai 16min

How Much Does Clickbait Cost the Global Economy?

How Much Does Clickbait Cost the Global Economy?

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20 Mai 14min

How Economics Has Changed Dating

How Economics Has Changed Dating

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9 Apr 14min

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

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

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6 Apr 21min

Is Degrowth the Only Answer?

Is Degrowth the Only Answer?

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31 Mar 18min

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