Inheritance discussion
February 13, 2020
I’m Miriam Neff-with STARTING OVER FINANCIALLY, and I’m Valerie Neff Hogan, and we’re here to talk about money
M This year and the few ahead, my generation is expected to transfer $30 trillion in wealth to younger generations. With gratitude, my generation has experienced decades of prosperity and economic growth. What will happen with that wealth transfer?
V We don’t know. We read that millennials are less willing to invest in the market. Homes, land, and cars may not follow the ownership paths of the past. 11% of Millennials have a high level of financial literacy. 28% very low. The most important fact we all know is that its all the Lords on loan to us to steward wisely.
M Training the next generation by example, talking, listening and planning are good plans.