Prof G highlights economic divide between old and young

From Yahoo Finance: 2025-03-28 07:02:00

NYU Professor Scott Galloway highlights the economic divide between the old and the young, where older generations benefit from accumulated assets. Baby boomers hold 51% of household wealth in America, compared to millennials’ $16.26 trillion. However, millennials are rapidly accumulating assets, with their share of national wealth rising to 10% in 2024. Inheritances from the Great Wealth Transfer could help younger generations prosper. To beat the odds, avoid debt, save, and invest in low-cost index funds. With strategic financial planning and side gigs, young Americans can build wealth and close the generational wealth gap.



Read more at Yahoo Finance: Prof G says the US does everything to ‘buttress’ older Americans’ riches as the young struggle