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You might have seen a video, or read an article about ‘The Great Wealth Transfer’, where trillions of dollars of generational wealth is about to be handed down to younger generations
While that is an important topic, it’s not only wealth transfer that’s been happening.
And if you ask Ray Dalio, who is in my view the greatest macroeconomist of all time, there’s a much more important wealth transfer going on behind the scenes.
One that far less people seem to understand.
Rather than a shift in money from baby boomers to millennials, this is a transfer of wealth from public institutions to private ones.
A transfer so severe that it’s likely to have ripple effects across American households for decades.
So let me take you down the river of understanding the great wealth transfer that Ray Dalio believes will define the next century.
The great wealth transfer, that nobody is talking about.
The article: www.thedailyupside.com/the-la...
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Disclaimer:
The information in this video is general information only and should not be taken as constituting professional advice from Hamish Hodder.
Hamish Hodder is not a financial adviser. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your unique circumstances.
Hamish Hodder is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by use of this video.