Dimensions
156 x 220 x 14mm
By the mid 2030nsquo;s Australia will see the biggest intergenerational wealth transfer in its history.
Good news if you squo;re Gen X. In little over a decade (you) will inherit all the wealth. Research suggests this could amount to more than $3 trillion dollars.
But, thereosquo;s a huge problem.
Gen X is the least experienced generation in our history at managing the vast amount of wealth coming their way.
To make matters worse, Gen X is one of if not the most time poor generations in our history odash; job demands in an increasingly competitive global market, mortgages, school fees, ageing parents and a lot of responsibility.
Gen X now face some troubling challenges if they are to master money in time to make a difference.
After so many decades of continuous economic growth, Gen X has grown to love debt and become overly familiar with excess - and unfamiliar with risk.
Therewsquo;s also a growing backdrop of social issues such as addiction, obesity, mental health and the fragmenting of the family unit.
Gen X has a large burden on their shoulders
Succeed and they stand to be able to turn their windfalls and their super into a vast asset into which all Australians may benefit from in the long run.
Fail and we will face an economic tsunami3ellip;
This book draws upon the five major lessons Gen X needs to UNLEARN about the way they see money before they get their hands on this wealth transfer.
The five UNLEARN lessons are grounded in how we were bought up (what our parents taught us), what our community told us (what friends and family teach us about money) and our decision making style.
The reader is encouraged to think about what two lessons they need to unlearn about Money before they are ready to take on financial responsibility.
Through interviews with a wide range of celebrities from Baby Boomer, GenX and beyond we draw upon the wisdom and insight from people familiar to X and their parents; such as Michael Parkinson, Maggie Beer , Kate Cebrano, Jeffrey Archer, Anthony Minichello, Anthony Field, Naomi Simpson , George Negus, and many more.
