Lets talk about The Great Wealth Transfer, what this means for the economy, and why millennials are soon about to become the Wealthiest Generation – Enjoy! Add me on Instagram: GPStephan
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THE GREAT WEALTH TRANSFER:
On the surface, The Great Wealth Transfer refers to a VERY LARGE shift in money from Baby Boomers to Millennials…and, what makes this so significant is that there’s a LOT of money about to change hands.
According to the Federal Reserve, Americans age 70 and older had a total net worth of nearly $35 TRILLON DOLLARS. On top of that, older generations will hand down an estimated $61 TRILLION DOLLARS from 2018 to 2042, shaping the way our economy allocates its resources, and prompting the questions: what’s being inherited, will it last, how will it be taxed.
One: Millennials will soon become the wealthiest generation on record.
Eventually – their socially conscious ideologies will become more of a reality, and – in the process, we’re likely to continue moving towards tech, green energy, solar, social media, etc.
Two: Millennials are becoming Financially Savvy.
I think our generation has a much stronger grasp of risk, returns, diversification, and the importance of dollar-cost-averaging into index funds. On top of that, even though 40% of Millennials surveyed said they don’t trust others with their money – 64% said they trust established wealth management brands more than new players – meaning, there’s an even balance between people who want to do it themselves on WallStreetBets, and hire a financial advisor who tells them not to panic sell.
Three: Taxes are inevitable.
For inheritances above $11 million dollars…and, soon to be above $5.5 Million in 2026…40% goes to the IRS. Under that threshold – inherited investments are ONLY TAXED on the GAINS that have occurred AFTER that person’s tasing…meaning, someone could’ve invested $100,000 into Tesla when it was $20 per share…passed it on to their children at a market value of $5 million dollars…and, with a stepped up tax basis…that heir would only pay any tax on profits above $5 million dollars. Ultimately, this “Stepped Up Tax Basis Loophole” is something that is probably going to be eliminated at some point….but, just something to keep in mind.
Four: Economic Spending is going to increase.
This is, arguably, a great thing for the economy – because, when 50% of inherited wealth is spent – that’s a LOT more money getting sent back into circulation. We could see more real estate changing hands, more cars being bought and sold, more time spent on leisure activities and vacation, and – overall – that’s going to boost everything else alongside with it.
Five: New Opportunities Are Going To Present Themselves.
As one door closes, another opens – and, inevitably, investments and entrepreneurial ideas will come from a gradual shift in demand, trends, and macro changes. That could also mean that, when millennials prefer CASH over STOCKS – other, alternative investments could take precedent – like, even more Cryptocurrency.
So, overall…The Great Wealth Transfer IS going to have a significant impact on our entire economy over the next few decades…and, even if you don’t get that $11 million dollar trust fund…there will still be ever-changing opportunities that stem from more money being spent, moved, and built each and every year.
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Dude u looks like a young Tom Cruise
dogecoin to the moon….plz i need it to
most americans have a higher chance a of inheriting their parents debt than wealth.
if it’s not the government redistributing wealth then idc
Hey gram can you please link your sources url’s for the articles you are showing in this video?
Shorts haven’t covered. Holding.
Alex did a great job editing this!
Thankss~~~~
This doesn’t included blqs……..At this point, people should only procreate for legacy, family and wealth building, to sustain future generations…..
which one of you fuckers is about to inherit a million dollars?
Not Baby Boomers to Millennials… Boomers to Gen X. Unless the grandparents are bypassing their Gen X children and passing their wealth directly to their grandchildren which is possible too!
Of course its the greatest in history, history is being written every day 🤔🤦♂️
So how do I get that piece of the pie??
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Gme anyone ??!
lmao, that wealth transfer is never going to happen for the middle class. Expect nursing homes and retirement homes to drain all existing savings while our society keep those Boomers on life support until they are all dried up money wise at the venerable age of 100 years old…
So if anyone sees inheritance, it’s going to be when they… retire, leaving basically zero time to compound.
As with nearly everything in the US, this wealth transfer will disproportionately benefit white folks. The combined effects of redlining, bank loan discrimination and other manifestations of racism have resulted in diminished wealth building opportunities for black and brown folks.
Bubble, warning, crash, bla bla bla .. one entire year talking about panic, look at your videos.. stocks didn’t stop going up
Don’t underestimate amc and GameStop. All they’ve done is delay the squeeze and give real apes more time to buy more shares. The more shares held by diamond handed real apes is best case scenario
Sometimes I feel like your videos are literally laughing at people who don’t know what’s actually happening. Your title is right, the thumbnail is right, and you even talk almost immediately about the great reset… and then spend a whole video telling millennials that they are about to get rich. I don’t think you are dumb enough to think that the great reset and “owning nothing” isn’t socialism/communism agenda… so how about quit misleading your audience. I get the sense that you say it and point it out just enough to be able to laugh at the ones who are “too stupid” to get it.
I sure hope my dad that went out for a lottery ticket and milk 20 years ago left me inheritance. Lol
and its not to those who need it lol
Ready for 20% inflation? Grandparents should start transferring money now.
I really like watching this video. By watching this video, I have learned a lot of new things that I think will help me in my future Thank you
2022 is going to be one crazy year man! 🤦🏻♂️ bring on 2023 😂
Millenial here, but my parents aren’t baby boomers, they are gen x born in the mid 60’s….oh well lol.
Wealth inequality gap widened.
I think you do not disclose the topic of security at all, make a video about HashEx and audits.
Thanks for the video Graham
Since Andrei and Kevin have immigrant parents,I wondered if you do too
There’s a generation between Boomers and Millennials. Generation X are the children of Boomers and therefore the likely inheritors, not the millennial grandchildren.
Graham sounds like Spiderman (Tom Holland). “Mr’ Stark, Mr Stark.”
Nothing like getting financial advise from Bueller
📍Thankss~~~~
I love Garret Gunderson
But that debt ceiling…
Wall Street, private equity and the IRS is chomping at the bit. They know how to shake every penny out of the average consumer. I urge everyone to educate themselves on investing, real estate and knowing how to budget.
In a nutshell… this millennial is poor great 🤦🏽♂️
Youtube unsubscribed me from your channel was it just me or anyone else experience this
These millennial are going to spend it all on avacoda toast LOL
I think my boomer mom is expecting me to leave behind something, cause I know I’m not getting diddly squat from her!
Since I’m in Gen Z, I love to listen more about it on the new generation
40% is crazy, how are we supposed to make sure our kids kids kids will have a future?
👆👆📩📩📩
Thought this was about Eth and GME
Really interesting topic and data in this one. Thanks
I studied at an Ivy League school, and that’s not what wealth transfer means
Dang… I just realized i wasn’t subscribed. My bad bro
We Millenials are going to be funding space coffee shops and Pokèmon NFTs when the great wealth transfer happens.
All boomers – DO NOT give your money to that useless POS generation. Give it to good causes – animal shelters, etc.
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Too bad hyperinflation will be used to wipe away our purchasing power.
Thanks so much 👆for watching
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This is a very useful and amazing tutorial thank you.
What about Gen X?
👆👆📩📩
Hey Graham I know this is not the place and I’m sorry for that but I’m a 12 year old canadian and love saving and your vids. I have 800 dollars and was wondering what you think u should do with this
crytpo
Making the like button turn black? But I have dark mode on Graham….try to be inclusive here… 😛
the greatest transfer of wealth already happened, or did you sleep through 2020 when all the rich elites sold at the top in late jan to early feb, while leaving retailers and retirement funds holding the bag as they panic sell after the market has already crashed, and then the elites bought back in after the crash? thats hilarious that they are propping you fools up again, and they are about to do it again, only this time there wont be some booming stock market recovery like last time, and all the idiot retailers will be left holding the bag again. just wait until the fed actually begins to say how much higher rates will actually be than what they are letting on, and just how much sooner it will happen than what they are letting on.
It’s going to be pretty hilarious when that recession shows up and wipes all those stock market gains that are driving the big resignation and then grandpa has to go back to work because his 401K is no longer going to get him through the rest of his life. And then there won’t be enough jobs for everybody and the recession will turn into a depression and everybody will be crying because their money disappeared in a matter of days through their robinhood accounts. And all those people who got all fired up by videos such as these and were buying overpriced and overvalued companies who inflated their own stocks in the interest free days of covid, thinking they would keep climbing like crazy all the time, will finally learn to not be knuckleheads. It’s going to be epic.
Chat me right away
The TRUE wealthy transfer their wealth to their children through tax-free death benefits/cash value… (i.e. Rockefellars) 😉
Umhhh, Gen X?
Just me or are these thumbnails getting worse? It makes me irrationally angry.
Sounds about white
any recommendations for apps and companies to consider investing in ? purely for guide purposes.
Buy GME
If you ever come to Brazil and want to hang out and talk about… life, look for me. ;O)
Sooooooo
Buy $GME and $AMC 👌👍 got it
I have to take care of my parents, no inheritance over here.
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dude I had a nightmare about you. you were Egyptian and speaking arabic
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what are your thought on the war on drugs
I really think you should reach out to tim pool. I’m sure everyone would benefit from you being on their podcast. It would be a great way to get more exposure and you will learn a lot.
You should consider making your vids just 5mins long… Any longer your voice and the speed of the way you talk starts to become annoying… just being real.
Thank you for watching 👆
Hit me up✉️ there are profitable nods and patterns I’d love to show you on WhtsApp
There’s nothing more Annoying than Spam…!!!! Get a Life…!!!
The meme stocks squeezes is what’s going to transfer the Wealth
I can’t go on vacation, I’m still trying to buy my first house and it feels like the costs just keep running away from me.
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Hey Graham I’m just watching this Netflix show call Selling Sunset, and I see you in it. You look nervous though 😂, and seem to have fun.
You’re on the right track let’s talk soon 🔜 you can now join our VIP offer group today
On paper everyone will be wealthy but hardly anyone will own actual hard assets or be self sufficient
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Meme stocks for the win. APES TOGETHER STRONG
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thank you for sharing . great
TOO BAD WERE NOT ALL WHITE PEOPLE AKA( INHERITANCE , FREE COLLEGE, FREE RENT, FREE CARS ) THE REST OF US FIGURE IT OUT
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I think it’s important to recognize the wealth transfer that’s happening is actually the first “boomer” generation (the silent generation). They are those aged 77+ now. And their income transforms are actually going to the baby boomers (58 – 76 years old) and gen X (42 – 57 years old). Millennials are not the majority getting the wealth transfer yet, it will probably take another 5-10 years before that comes to fruition.
My dad is a boomer (62) and just got his inheritance from his mother’s passing only a few years ago. I likely wouldn’t see anything from my parents until 20 years from now or longer (hopefully).
I think there’s a misconception that there’s all this wealth coming to millennials as if that justifies all the other wrong doings the system has done to the age group. Millennials aren’t just going to be “alright” because wealth transfer happens. Many of us are being out-matched in many aspects of life (homes, debt, job pay, inflation creep, etc.).
PS: not a millennial complaining. I’m sharing my insight as while I’m not where I want to be, I’m doing amazing compared to many my age (140k job, catching up on heavy boost savings). I still look at the damage that has been done to those born after 1980 and look at this world in disbelief of how they think nothing is wrong with what has happened, and will continue to happen, without appropriate change.
Cocaine prices are going up
Of course👆👆👆👆
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The best decision I ever made in my life was investing in financial market. Trust me guys, it pays!😊
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how do i reach her?
You can just put her name on google and you will be directed to her website and drop her your messages.
I own 700 shares of lemonade @ 87$…
I’m mulling buying lemonade at current price, it’s starred looking tasty🤔
Hey I’m from the Bahamas and I really want to invest in the US stock market but cannot find a broker that allows me to… can someone help me please
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Lmao who else thought this was gonna be just about amc lol
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Now you know why the FAKE BANKRUPTCIES of older strong companies under FALSE NEGATIVE NARRATIVES, ie, GM, GE, ATT, forever Wllst spread false NEGATIVE NARRATIVES about these tp transfer wealth. But if you deep dive, these companies are very profitable
👆🏼👆🏼 hit me up 👆🏼👆🏼we need to talk
Unpopular opinion from me, a millenial: a huge chunk of my fellow millenials are simply not helping themselves and haphazardly spending and probably laughing off their poor financial decisions and then just conclude that that is just the “way it is”. I have many friends aware that Roth IRAs exist, but they refuse to contribute. their money just sits in the bank. and frankly, its for literally no reason at all.
It’s almost like… Capitalism works 🤔
Quality video with good information.
👍
I’m excited to see how the great wealth transfer will change our society, especially since we’re getting deeper into the information age (ie: web3, dao, etc).
This kids voice is still cracking, sure he’s old enough to post this video? 😉
Black likes matter 😉
👆👆👆Thanks for the comment~~
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Sounds like another 10 year bull market. Let the good times roll!
Hit me up 🤙 👆📩📩
I quit my job recently to pursue an education to build wealth, I really need the extra money just like millions of Americans. I have been in this country for over 20 years, leaving everything I knew behind, lived in poverty since I came here and was disappointed to see the idea of the American dream is just a facade, this is the small glimmer of hope for many of us who left a good enough life to build a better one but have been struggling to get to what our good enough life was in our nations.
💄🔃You’re free to invest now the market is affordable and profitable strategies☝️(btc,eth,shib,saitama) etc✅✅!!
I’m too broke to be watching this lol
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What he’s really trying to say is that the ppl who were enslaved in this land from 1619-2019 “400 years” are about to regain their power and everything stripped from them including this land has to be returned to them. Idk why the devil thought by enslaving The Most High’s chosen ppl the Israelites that they would remain on the bottom. Everything that was taken from us will be returned and those who lead into captivity shall go into captivity
Let’s buy Amc to transfer this money!!!
Thankss~~~~
The greatest wealth transfer will be from God,opening the treasure rooms and floodgates of blessings from heaven called the Wealth of the Nation.
What I’ve observed is that “self made” didn’t get inheritance, but had a wealthy upbringing with lots of opportunities like good education, loans3 from family to start a business a network of wealthy people to help bc of where they grew up and who their family members new and much more. Not many, very few “self made” people these days come from a poor background. Which a longtime ago you could have a great idea and get a bank loan, not like today.
I realized that the secret to making a million is making better investment. I always tell myself you don’t need that new Car or that vacation just yet and that mindset helps me make more money invest:ng. For example last year I invested 70k in blue chip stocks and crypt0 s (with the help of my advisor of course) and made about 380k, but guess what? I put it back and traded with her again and now I’m rounding up close to a million. Delayed gratification always pays off
I have made quite a stride investing on my own but I am aware of the benefits of consulting with a professional but haven’t found one yet