The Great Millennial Wealth Transfer

In today's episode: Millennials have been dismayed about the economy for the last few decades, but they stand to gain $90 trillion by the mid-2040s as their parents age and pass away. But not everyone stands to gain from generational wealth transfer. How much does this matter for the average American? There are some systems like reverse-mortgages that trade immediate cash for future property rights, which might take away some of that inherited wealth. But it's less common than you'd think. Culture Leaders Daily is a daily, five-minute podcast for CEOs where we dissect the week's biggest news, unpack hot-button workplace trends, and bring you exclusive interviews with leaders who leverage culture to drive real business results. John Frehse, Global Head of Labor Strategies at Ankura, joins Jessica every week to discuss the latest news in labor, employment, and workplace culture by asking each other the question: 'What Are You Paying Attention To Now?' John Frehse: LinkedIn: https://www.linkedin.com/in/johnfrehse/ Bio at Ankura: https://ankura.com/experts-and-advisors/john-frehse Jessica Kriegel: Website: https://www.jessicakriegel.com/ LinkedIn - https://www.linkedin.com/in/jessicakriegel Instagram: https://www.instagram.com/jess_kriegel/ Culture Partners: Website: https://culturepartners.com/ LinkedIn: https://www.linkedin.com/company/culturepartners/