By Ken Costa2023-10-27T13:31:00
In the coming years, Boomers will hand over an unprecedented $100 trillion of wealth to the next generation. Ken Costa explains how the Church can help Zennials manage their money appropriately
Humanity has always had a complicated relationship with money. If someone broaches the subject in public or we hear it spoken about from a pulpit, we shift in our seats awkwardly. Money is laden with societal taboos, cultural discrepancy, theological myths and preconceived judgments that shape our perception and decisions. Our cultural reflexes are based on a presumptive narrative.
At this very moment, the world’s economic landscape is poised on the precipice of a monumental transformation. The Great Wealth Transfer looms large, a colossal shift where the Boomer generation will release unprecedented wealth into the waiting hands of Millennials and Gen Z. Globally, this handover is projected to exceed a staggering $100 trillion in value.
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