Leaders

Next generation of investors rise as intergenerational wealth transfer begins

Published

6 months ago

October 26, 2023

ticker NEWS

Australia is on the brink of a historic $3.5 trillion wealth transfer to Gen Z and Millennials, with significant implications for financial strategies and investments.

Australia is on the brink of experiencing the largest intergenerational transfer of wealth in its history, with a staggering $3.5 trillion AUD expected to be inherited by Gen Zs and Millennials by 2050. This substantial shift in capital ownership promises to usher in a transformation in how these finances are leveraged for improved living.

This massive shift in wealth ownership holds the potential to usher in a new era of financial decision-making for the younger generations. As the torch passes from the older generations to Gen Z and Millennials, there will be a fundamental change in the ways finances are leveraged and invested.

Experts in the financial industry are closely monitoring this historic wealth transfer, which will impact not only individual financial destinies but also the broader economic landscape. The scale of this wealth handover, estimated at $3.5 trillion AUD, presents significant opportunities and responsibilities for the inheritors.

One noteworthy trend among the younger generation is the rise of angel investing. This form of early-stage investing allows individuals to support startups and small businesses, often with the expectation of significant returns on investment. As Gen Z and Millennials take control of their inherited wealth, angel investing is likely to become a prominent feature of their financial strategies.

The implications of this financial handover are profound, both for the individuals receiving these substantial inheritances and for the Australian economy as a whole. The decisions made by Gen Z and Millennials in how they utilise their newfound wealth will play a pivotal role in shaping the financial landscape for years to come.

Funding Futures is presented by VentureCrowd, To find out more about Conscious Investing, head to venturecrowd.com.au.

Leaders

Why a rapid response is paramount to cyber defence

Published

1 day ago

May 2, 2024

Nathan Langridge

As cyber attacks hit Australia every 7 minutes, a rapid response is crucial for affected companies.

As cyber attacks proliferate every seven minutes in Australia, reports indicate a worrying trend of escalating severity, urging companies to prioritise rapid response measures to mitigate potential damages.

Amidst this crisis, experts stress the criticality of immediate action for companies suspecting they’ve fallen victim, underscoring the need for a well-defined incident response plan.

Lucas Bressanutti, Crawford Cyber Lead and Forensic & Financial Accountant of Crawford & Company, shares his insights on the importance of a fast response to cyber attacks. #cyber attack #business #cyber resilience

Leaders

How to overcome imposter syndrome in the workplace

Published

1 week ago

April 24, 2024

ticker NEWS

Skilled professionals and entrepreneurs are facing impostor syndrome amidst increasing workforce demands.

A growing number of professionals and entrepreneurs are grappling with the overwhelming effects of impostor syndrome, fostering hidden feelings of inadequacy and fear of exposure despite their competence.

Despite their expertise and accomplishments, many professionals and entrepreneurs find themselves grappling with feelings of unworthiness and self-doubt. These sentiments, often hidden behind a facade of success, stem from a fear of being exposed as fraudulent or inadequate in their roles.

According to a recent study by Calabasus in 2021, a staggering 65% of professionals suffer from impostor syndrome, shedding light on the pervasive nature of this issue.

However, despite its prevalence, impostor syndrome remains one of the least discussed yet most impactful challenges facing professionals today, as highlighted by research from KPMG.

Suzana Mihajlovic, Director of Your2minds shares her insights on how to combat imposter syndrome.

Leaders

How to defend against fraud and cyberattacks

Published

2 weeks ago

April 18, 2024

ticker NEWS

In the face of escalating fraud and cyberattacks targeting Australian retailers, businesses are actively seeking solutions to combat this growing menace.

The sentiment among Australian consumers reflects growing concern regarding fraud in online shopping.

To address these challenges, businesses are exploring various strategies to bolster protection for both themselves and their customers against fraudulent activities.

Hayley Fisher, Country Manager for Australia & New Zealand at Adyen, sheds light on Adyen’s 2024 Retail Index findings, highlighting the shifting landscape of fraud attacks for Australian retailers. #money #fraud #cyberattacks