This event was recorded as part of a live webinar hosted by the Rising Leaders Fellowship on 27 October 2023.
Join a Boomer, Millennial, and Gen Zer as they discuss the possible consequences of the unprecedented biggest wealth transfer in history, certain to have a seismic impact on the future of capitalism and society.
In the next ten years there will be an unprecedented wealth transfer from the so-called ‘baby boomer’ generation to the young. Never before will so much money – in housing, land, stocks and cash – be shifted so suddenly from one generation to the next, and never before does the next generation feel so differently about the future of the planet and of capitalism from its predecessors.
This event will explore how inter-generational engagement is necessary to stop the possible massive consequences that we are at risk of repeating when this wealth transfer occurs.
Joining us on the panel is Ken Costa, a boomer, and two Aspen UK Rising Leaders, a Millennial, and a Gen Z-er.
Ken Costa is the author of The 100 Trillion Dollar Wealth Transfer, which explores how we will need the wisdom and experience of Boomers – Hindsight – plus the social, ethical and environmental purpose motivating Zennials – Insight – to allow us to work together with Foresight. He was nominated by Financial News as one of the top five dealmakers in Europe over the past 25 years and a seasoned investor formerly Chair of UBS Investment Bank (EMEA) and Chair of Lazard International and currently chair of Ken Costa Strategic. With his experience at the pinnacle of the finance community combined with his role as a mentor and coach for this new generation, Ken Costa is uniquely placed to both share the perspective of Boomers and comment on the vital contributions and remarkable societal and economic change that Gen Z and Millennials (“Zennials”) will bring about. In his book, Costa shows how environmental, social and ethical concerns of younger generations are more than mere slogans; instead they are driving the future of the markets.
Our Millennial works in investment management.
Our Gen Z-er is an Economic Advisor in the Department for Transport (UK).
This webinar is open to Aspen UK Rising Leaders and seminar alumni and anyone else interested in hearing more about this fascinating topic.