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.
Transforming Diversity with Impactful Passion
Passion-driven journey, impactful initiatives practical advice for navigating diversity and inclusion
Passion-driven journey unveils impactful diversity and inclusion initiatives with practical advice
Embarking on a passion-driven journey toward inclusivity, advocates for diversity and inclusion are making waves with impactful initiatives. Whether through community-driven projects or organisational changes, these advocates are transforming rhetoric into reality. In recent discussions, key figures have shared practical advice for navigating the complex landscape of diversity and inclusion. They emphasise the need for genuine commitment, urging individuals and organisations to move beyond superficial gestures.
As these advocates mark milestones in their journeys, their insights become crucial guideposts for others navigating similar paths. This passion-fueled movement not only celebrates achievements but also inspires a collective commitment to fostering genuine diversity and inclusion in every sphere of life.
For more we are joined by Julie Fisher who shares her remarkable journey as a dedicated advocate for diversity and inclusion.
Fisher discusses her transition to becoming a keynote speaker, the transformative impact of hosting a local disability expo, and her approach to addressing misconceptions and biases in radio shows and workshops. #Diversity #inclusion
Condolences flow for investment icon Charlie Munger
Investment legend Charlie Munger, renowned for his wisdom and influence in the world of finance, has passed away at the age of 99.
The news of his death has prompted an outpouring of tributes from business leaders, investors, and admirers around the globe.
Munger, best known as Warren Buffett’s right-hand man and vice chairman of Berkshire Hathaway, leaves behind a legacy of unparalleled success and a treasure trove of investment insights. His timeless wisdom on value investing, rational decision-making, and the importance of lifelong learning has inspired countless individuals in their pursuit of financial excellence.
Notable figures like Warren Buffett, Bill Gates, and Elon Musk have expressed their deep sorrow at Munger’s passing. Buffett, his close friend and business partner, referred to Munger as his “partner in all things important” and praised his unparalleled intellect and integrity.
As the world mourns the loss of this investment sage, many are left wondering about the future of Berkshire Hathaway and the investment world as a whole. Munger’s legacy is sure to endure, but how will his absence impact the strategies and decisions of those who looked up to him for guidance?
“Charlie Munger was a legendary figure in the investment community,” said Brian Moynihan, the CEO of Bank of America, adding that “there are many who benefited greatly from his wisdom”.
Game-changing biotech breakthrough targets pancreatic cancer
Biotech breakthrough has Pancreatic Cancer in its sights with new treatments
Pancreatic Cancer, ranking as the third leading cause of cancer-related deaths in Australia, grapples with a disheartening 11.5% survival rate—one of the lowest among malignancies. Compounding the issue, late-stage diagnosis and a lack of awareness regarding early signs and symptoms contribute to the grim prognosis. The available treatment options for pancreatic cancer are not only limited but also exhibit a worrying lack of efficacy.
However, a ray of hope emerges from groundbreaking biotechnological advancements that have recently surfaced. These innovations offer the potential to eradicate cancer with minimal side effects, marking a significant stride in the quest for more effective treatments.
As the world observes November as World Pancreatic Cancer Awareness Month, the spotlight falls on Johnny Quattro from VentureCrowd. He shares insights into EnGeneIC’s latest success, shedding light on the strides being made in the realm of biotechnology to combat pancreatic cancer. This promising development underscores the importance of raising awareness, fostering early detection, and advancing cutting-edge treatments to improve the outlook for those affected by this formidable disease.
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