PublishedWiley, April 2018 |
ISBN9780730348634 |
FormatSoftcover, 232 pages |
Dimensions22cm × 15.6cm × 1.4cm |
By the mid 2030's Australia will see the biggest intergenerational wealth transfer in its history. Good news if you're Gen X. In little over a decade (you) will inherit all the wealth. Research suggests this could amount to more than $3 trillion dollars.
But, there's a huge problem. Gen X is the least experienced generation in our history at managing the vast amount of wealth coming their way. To make matters worse, Gen X is one of if not the most time poor generations in our history - job demands in an increasingly competitive global market, mortgages, school fees, ageing parents and a lot of responsibility. Gen X now face some troubling challenges if they are to master money in time to make a difference. After so many decades of continuous economic growth, Gen X has grown to love debt and become overly familiar with excess - and unfamiliar with risk. There's also a growing backdrop of social issues such as addiction, obesity, mental health and the fragmenting of the family unit. Gen X has a large burden on their shoulders Succeed and they stand to be able to turn their windfalls and their super into a vast asset into which all Australians may benefit from in the long run. Fail and we will face an economic tsunami...
