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The conversation explores the implications of the massive wealth transfer from baby boomers to millennials in Canada, discussing the potential for economic inequality, the concept of "invisible inheritances", and the changing dynamics of the middle class. It highlights the challenges faced by younger generations in accessing wealth and opportunities, and the resulting shifts in political views and social contracts.
Links:
Boomers’ Inheritance Plans Up in the ‘Heir’
The next wave of trickle-down wealth is upon us
Younger Canadians Relying On "Great Wealth Transfer" To Achieve Financial Goals But Expectations May Not Match Reality: Vanguard Study
Guest Host:
Sabrina Maddeaux
Hosted by Mike Moffatt & Cara Stern & Sabrina Maddeaux
Produced by Meredith Martin
This podcast is funded by the Neptis Foundation and brought to you by the Smart Prosperity Institute.