The ultra-wealthy population is growing, with millennials and Gen Z expected to comprise over a third of this group by 2040, driven by wealth transfer and changing industry focuses, signaling significant shifts for businesses serving the ultra-rich.
The article discusses how young voters in New York City, energized by Zohran Mamdani's campaign, are influencing older generations' political decisions, highlighting a shift in family political dynamics and the increasing impact of youth opinions on city politics.
The article discusses the decline of traditional American political dynasties like Cuomo's, highlighting how populism, social change, and economic discontent are reshaping political power, with younger, outsider candidates gaining prominence and established families losing influence across both parties.
Rep. Jamie Raskin (D-Md.) has announced his candidacy to challenge Rep. Jerry Nadler (D-N.Y.) for the top Democratic position on the House Judiciary Committee, signaling a generational shift in Democratic leadership. Raskin, known for his role in Trump's second impeachment and the Jan. 6 committee, aims to lead the panel in defending democratic institutions. This move comes amid broader leadership changes within House committees, as some senior Democrats face challenges or step down due to health or generational pressures.