Private Wealth Matters

The United States is currently undergoing a massive generational transfer of wealth.  It is projected that at least $41trillion will transfer from parents and grandparents to the post-Baby Boom generations over the next 40 years.  Further, it is anticipated that this new wealth may usher in a new “golden age of philanthropy” as the members of Gen X (born 1964 – 1980) and Gen Y/Millennials (born 1981 – 2000) – collectively called “Next Gen” — take over the reins of financial decision making.  The first “golden age” conjures up the major givers of a century ago such as Rockefeller, Morgan, and Carnegie.  This new golden age includes leaders Warren Buffett and Bill Gates, neither of whom is part of this current generational cohort, but also includes Mark Zuckerberg and Priscilla Chan – 28/27 years old, John and Laura Arnold – 38/39 years old,  and Sergey Brin

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