A new Citizens survey finds 72% of Americans are unprepared to manage a large financial windfall. With Baby Boomers expected to transfer $84 trillion to...
A new Citizens survey finds 72% of Americans are unprepared to manage a large financial windfall . With Baby Boomers expected Citizens Bank Head of Consumer Banking Brendan Coughlin joins Wealth! to give insight into how Americans can prepare for this significant transfer of wealth.
And so, uh, you know, it, it requires parents and their kids to really start to uh build this conversation together.If they have one build that transfer of trust uh between the advisor, they could still gonna be your advisor when your parents uh ultimately pass on their wealth. And we're taking a look at the full results here, help us break this down a little bit more and, and where we're seeing the overwhelming amount of respondents want to put this wealth to use.You know, I, I think this is, uh, it's, it's interesting because you look at some of these stats here investing, paying off debt, buy a new car, start a new business, pay for education.Um, you're not looking at this list and it's, uh, you know, obviously there's travel there too.
Is it clear how the great wealth transfer can also assist in closing the gender equity and gender wealth gap?So when you're, when you're in a moment of wealth transfer like this, uh the heirs are um you know, obviously uh balanced in terms of, of gender.
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