Thank you for sharing @hervelequer. A great article but it missed the fact that Boomer and Gen X will be passing down wealth to the younger generations. There is no doubt there will be some harsh taxation from govts desperate to plug massive massive budget gaps but still wealth should pass down.
Such a fascinating period in personal finance and wealth management more broadly
I guess being a ‘millennial’ myself, this article is definitely motivation to start taking my finances into my own hands. Furthermore highlighting the need for GOOD financial and investing education!
100%! Same boat. I went to a Tug Life event last week (@maike you were there too!), all about the future of tech. A talk by futurist David Wood really resinated with me. He said that the power of modern technology puts the world in enormous danger, and estimates a 30% chance of social collapse by 2043, citing Moore’s law of mad science - that every 18 months, the minimum IQ necessary to destroy the world drops by one point!
He was excellent at speaking about how & why the financial future of millennials is bleak, and what the future could hold, in various scenarios.
He has written a book called ‘Transcending Politics: A Technoprogressive Roadmap to a Comprehensively Better Future’, has anyone read it?
His negative projections did scare me a bit though!