#generational-wealth
#generational-wealth

Parenting

Who's funding new home purchases? Mom and Dad

Growing housing costs drive parents to financially assist children in home purchases.

Around 26% of young homebuyers relied on family cash for down payments, rising from 23% last year.

Real estate

New program offers support to Florida's first-time homebuyers

NestGen program offers essential support and guidance for Florida's homebuyers, especially targeting young and first-time buyers.

Real estate

Empathy in the face of foreclosure

Homeownership is integral to the American Dream and significantly impacts individual identity and generational wealth.

fromMiami Herald

Black Lives Matter

The 44 Percent: Reggae group Inner Circle honored, Jazz in the Gardens, Black homeownership

Down payment assistance programs are essential for promoting homeownership among Black residents, particularly in Miami.

fromSFGATE

Parenting

Should You Pay Off Your Parents' Mortgage If You Don't Have Your Own?

Supporting aging parents with mortgage payments requires weighing emotional and financial consequences.

fromAxios

Parenting

Who's funding new home purchases? Mom and Dad

Growing housing costs drive parents to financially assist children in home purchases.

Around 26% of young homebuyers relied on family cash for down payments, rising from 23% last year.

Real estate

New program offers support to Florida's first-time homebuyers

NestGen program offers essential support and guidance for Florida's homebuyers, especially targeting young and first-time buyers.

Real estate

Empathy in the face of foreclosure

Homeownership is integral to the American Dream and significantly impacts individual identity and generational wealth.

fromMiami Herald

Black Lives Matter

The 44 Percent: Reggae group Inner Circle honored, Jazz in the Gardens, Black homeownership

Down payment assistance programs are essential for promoting homeownership among Black residents, particularly in Miami.

My in-laws are passing down a $16 million trust to my wife - how do we make sure it grows to its full potential?

Managing and protecting inherited wealth is essential to avoid rapid loss and ensure growth.

A couple plans to redirect significant inheritance towards generational wealth for future children.

Cryptocurrency

I'm receiving millions and I want it to last for multiple generations and Dave Ramsey gave me a crazy suggestion

Sudden windfalls must be managed wisely to create lasting wealth.

Digital life

The Average Baby Boomer Says They Need Less Than $1 Million to Retire Comfortably

Many Americans, especially baby boomers, underestimate their retirement savings needs, facing significant gaps between savings and required funds.

A substantial portion of individuals across generations feels unprepared for retirement, necessitating proactive financial planning.

Retirement

My in-laws are passing down a $16 million trust to my wife - how do we make sure it grows to its full potential?

Managing and protecting inherited wealth is essential to avoid rapid loss and ensure growth.

A couple plans to redirect significant inheritance towards generational wealth for future children.

Cryptocurrency

I'm receiving millions and I want it to last for multiple generations and Dave Ramsey gave me a crazy suggestion

Sudden windfalls must be managed wisely to create lasting wealth.

Digital life

The Average Baby Boomer Says They Need Less Than $1 Million to Retire Comfortably

Many Americans, especially baby boomers, underestimate their retirement savings needs, facing significant gaps between savings and required funds.

A substantial portion of individuals across generations feels unprepared for retirement, necessitating proactive financial planning.

more#financial-planning

NYC real estate

fromNew York Post

2 weeks ago

More and more New Yorkers are inheriting homes from their wealthy parents - not buying them

In 2024, 28% of Manhattan home sales involved trusts, reflecting a shift towards gifting homes over traditional purchases.

#financial-literacy

fromBusiness Insider

3 weeks ago

Parenting

The 12-year-old investor - How FIRE parents are teaching their kids to be financially savvy

Teaching children financial literacy from a young age can promote generational wealth and independence.

Miscellaneous

Is the biggest factor to financial freedom actually just generational wealth?

Generational wealth transfer impacts financial success, yet financial literacy is crucial for sustaining that wealth across generations.

Retirement

I just came into unexpected wealth - how do I balance enjoying it today and securing my future?

Wealth is shifting from older generations to younger ones, necessitating financial literacy among heirs.

Parenting

fromBusiness Insider

3 weeks ago

The 12-year-old investor - How FIRE parents are teaching their kids to be financially savvy

Teaching children financial literacy from a young age can promote generational wealth and independence.

Miscellaneous

Is the biggest factor to financial freedom actually just generational wealth?

Generational wealth transfer impacts financial success, yet financial literacy is crucial for sustaining that wealth across generations.

Retirement

I just came into unexpected wealth - how do I balance enjoying it today and securing my future?

Wealth is shifting from older generations to younger ones, necessitating financial literacy among heirs.

more#financial-literacy

Left-wing politics

fromThe Atlantic

3 weeks ago

The Comfort Class

Generational wealth creates a disconnect in understanding societal anxieties, particularly around financial struggles.

Cryptocurrency

fromBitcoin Magazine

4 weeks ago

Gen Z's Bitcoin Bet And The Largest Wealth Transfer In History | Bitcoin Backstage W/ Dylan LeClair

Boomers' impending wealth transfer could promote Bitcoin adoption among Gen Z.

Gen Z might leverage inheritance for financial sovereignty through Bitcoin.

#wealth-transfer

Venture

How to Prevent $60 Trillion in Generational Wealth from Vanishing | Entrepreneur

A massive generational wealth transfer estimated at $20-$60 trillion is set to occur over the next 20 years.

3 months ago

Miscellaneous

Many Boomers Hesitant to Transfer Wealth: Charles Schwab | Entrepreneur

Boomers prefer to use their wealth for enjoyment during their lifetime, unlike younger generations who lean towards wealth sharing.

fromFast Company

4 months ago

Miscellaneous

Wealthy Gen X and millennials want to give their money away while they're still alive. Boomers? Not so much

Younger generations are more likely to want to pass on wealth during their lifetimes compared to baby boomers.

Venture

How to Prevent $60 Trillion in Generational Wealth from Vanishing | Entrepreneur

A massive generational wealth transfer estimated at $20-$60 trillion is set to occur over the next 20 years.

3 months ago

Miscellaneous

Many Boomers Hesitant to Transfer Wealth: Charles Schwab | Entrepreneur

Boomers prefer to use their wealth for enjoyment during their lifetime, unlike younger generations who lean towards wealth sharing.

fromFast Company

4 months ago

Miscellaneous

Wealthy Gen X and millennials want to give their money away while they're still alive. Boomers? Not so much

Younger generations are more likely to want to pass on wealth during their lifetimes compared to baby boomers.

more#wealth-transfer

#housing-market

Boston real estate

Black Americans buck the trend of fewer first-time homebuyers

Black homeownership rates among first-time buyers have surged to record levels despite ongoing affordability challenges.

Digital life

7 Financial Benefits Baby Boomers Got That We'll Likely Never See Again

Baby boomers enjoyed easier home ownership opportunities compared to today's generations.

Boston real estate

Black Americans buck the trend of fewer first-time homebuyers

Black homeownership rates among first-time buyers have surged to record levels despite ongoing affordability challenges.

Digital life

7 Financial Benefits Baby Boomers Got That We'll Likely Never See Again

Baby boomers enjoyed easier home ownership opportunities compared to today's generations.

more#housing-market

fromIntelligencer

Writing

People With Parents With Money

Wealth in New York is often inherited and discussing it is considered taboo.

Digital life

Did Baby Boomers Earn Their Success - Or Did They Just Get Lucky?

The baby boomer generation is the wealthiest in history, owning over half of the $160 trillion in U.S. wealth.

The upcoming 'Great Wealth Transfer' will distribute over $80 trillion from baby boomers to their heirs.

fromThe Atlantic

3 months ago

Miscellaneous

Parents Are Buying Their Kids Better Credit Scores

Credit scores can reflect inherited financial privilege rather than just personal habits, impacting children's financial futures.

The practice of adding children as authorized users on credit cards is a growing trend among affluent families.

East Bay (California)

fromwww.mercurynews.com

4 months ago

Jill On Money: Be like Buffett and give (charitable giving 2024)

Buffett's philanthropic focus aims to avoid creating a generational legacy, promoting self-reliance in his children.

fromRoger Ebert