The 100 Trillion Dollar Wealth Transfer: How the Handover From Boomers to Gen Z Will Revolutionize Capitalism

A financial insider explores the historic shift in money, power and influence between the generations, and how it will revolutionize capitalism and transform society.

An unprecedented wealth transfer is taking place from the Baby Boomers to Gen Z and Millennials. Never before will so much money—in housing, land, stocks and cash—be shifted from one generation to the next. But there are stark divisions between an established older generation and a radical, tech-empowered younger generation, in philosophy and outlook, and in how they believe these assets should be used.

The 100 Trillion Dollar Wealth Transfer shows that these profound tensions cannot be resolved if we continue to live in generational silos. Instead, we will need the wisdom and experience of Boomers plus the social, ethical and environmental purpose motivating Zennials to allow us to shape the future of society.

Many young people today ask: is capitalism still fit for purpose? Costa argues that we must develop new socially energized capitalism in order to save it, through collaboration, compassion and community, without sacrificing wealth creation. The failure to harness these qualities, and pursue inter-generational engagement, leaves us vulnerable to repeated financial crises, social dislocation and the upending of capitalism's foundations.

The 100 Trillion Dollar Wealth Transfer is the essential guide to navigate this historic shift, bridge the generational divide and reimagine a new hope-filled capitalism.