Tens of trillions of dollars are expected to change hands between generations in the coming decades. What does this mean for our society, for the families passing down money, or for the kids who have to pull themselves up by the bootstraps?
Hanna Horvath, CFP®, writes Your Brain on Money. She joins Ricky and Malcolm for a two-part conversation about the Great Wealth Transfer. In this episode, they discuss:
- If the promise that hard work + education = success has been broken.
- Why people with “family money” hide their support.
- How their relationships with their family and money shaped their attitudes towards their own finances.
- Why the word “inheritance” has a branding problem.
- Malcolm’s issue with people jogging in Manhattan at 11:00 am on weekdays.
Check out Hanna’s Substack: https://yourbrainonmoney.substack.com/
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Hosts: Malcolm Ethridge, Ricky MulveyGuest: Hanna Horvath
Engineer: Tim Sparks
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