All articles tagged with #financial future
Anthony Scaramucci predicts that Donald Trump will face financial difficulties in 2024 due to mounting legal bills from civil fraud and defamation cases, potentially leading to the need to liquidate assets or take out loans. Scaramucci also highlights cash flow problems within the Republican National Committee and suggests that a financial "avalanche" is imminent for Trump in the second half of 2024.
A new survey reveals that 65% of millennials and Gen Zers are concerned about the influence of baby boomers on their financial future. Both generations feel that the current financial challenges they face are partly due to the choices made by boomers. Rising costs in education, housing, and healthcare, along with the burden of student debt, are seen as consequences of policy decisions and economic conditions influenced by previous generations. While millennials and Gen Zers acknowledge their own responsibility for their money habits, they believe that boomers have inherited a more favorable economic situation and hold a significant portion of the nation's wealth. The impact of boomers on younger generations' financial futures can be positive through the Great Wealth Transfer, but it does not address the systemic gaps that leave millennials and Gen Zers struggling.