Thanks for the kpm James. Rough day in the markets but information is power. Thank you for the breakdown!

You're welcome.

Thank you, James, I'm a millennial, and crypto is giving me hope that future might be bright for me.

There may be the biggest generational wealth transfer ever, starting to occur but given the deficits most governments are running, I am sure their will be a raid on as much of it as possible. A big percentage will be liquidated and used to pay for care costs as well.

It looks like each successive generation has a lower percentage of home ownership.

I think I missed the silver lining…

The fewer babies the better. There are way too many humans in the world.

Thanks James. I only just miss out on being a boomer. Born early 1967.
Australian governments have recognised this for a while. One of our Prime Ministers famously (speach at catholic girls college) encouraged girls to get into reproduction early for the sake of the country. While his intent was clear his choice of location and words got him in a boiling cauldron of hot water.

That transfer is happening already and smart millennials are helping boomers buy Bitcoin in Self Directed IRAs now.

Demographics are everything. Thanks!

18:57 man, there better be some good news coming 😭

I'm a millennial what is a pension? Never heard of it.

This was by far one of your most informative videos ever

This is the reason why boomers vote republican, while millennials and gen Y vote Democrat. Unfortunately, younger people don't vote.

Are we really surprised that boomers own / control 60% of the wealth?
It seems obvious to me that it will always be that way.

Today the young people spend money and time for Free time activities. They are used to make holidays in hotels and cruise ships. In the past we saved our money and tried to buy our home.
My kids will inherit our property. This will be in many cases

Most high earners have a life that is about a bit more than just salar¡es!
Leaving all family and friends beh¡nd just to grow your money through profitable investment is knowledge!

Those demographics are scary. No Bueno! Pop some babies out folks.

How much is full time childcare for 2 kids?

FYI, in the USA, the federal government reached into the Social Security coffers and spent a bunch of its reserves and then tell people that we only have enough money for x number of years. It's funded by separate income taxes and each person gets a retirement amount based on the Social Security income taxes they paid into the system. I wouldn't call it welfare or entitlement.

Also, at the beginning of the Great Depression, my grandfather lost his job as Superintendent of Schools, because he refused orders from the KKK-infested School Board to fire all the Catholic teachers.

They lost their house with 10 kids and had to live outside and in places with dirt floors. They scraped by with everybody doing odd dirty jobs, grampa got some manual labor eventually with the WPO, my father and uncles served during WWII. And my grandfather eventually got his job back when it became an elected position, instead of appointed.

NOBODY COULD HELP, IN TIMES LIKE THAT, SO YES, WE DO NEED SOCIAL SECURITY.

We also need MORE PEOPLE WILLING TO RISK THEIR JOBS TO STAND UP AGAINST UNETHICAL, IMMORAL ORDERS. Especially ones that violate the Nuremberg Code.

Where is the "unsustainable" bloat? Maybe the same answer to the question "Who are the only ones to benefit from all the undeclared wars?"

I know you know that many who receive actual welfare are full time working people. That's probably not how things should work.

Also, I visited A Korea to see a friend living there. It was really sad to see how many senior citizens were pushing shopping carts son the streets, looking for aluminum cans. They don't have a good social security system and there are negative externalities for everyone.

Thanks for listening.

Navigating adult life without kids is stressful enough. People know that their kids might not move out till they're 40 or 50. They know their kids will only be educated if they get a small 'mortgage' to fund it. They know healthcare costs to consumers are increasing. They know jobs are being rapidly automated or lost to hyper streamlined e-commerce. The reality is that the outlook is not pretty for anyone having kids.

Millennial, I’m 29 have to live with my parents because they have little money and between student debt and other bills I have no hope to save up for a house. I make decent money too ($70k/yr). It’s really frustrating, but I’ve managed to build up a small bag of Bitcoin & Etherium, about 0.35BTC and 1eth because I believe they are the future. A future worth investing in

Fantastic as always

TL;DR: Millennials are boned until Boomers die off and leave their kids money. Also, Millennial retirement age is 75? FFFFFFFFFFFFFFFF that. I'd rather live frugally and free at 50 than be working in my 70s.

The only reason why I invest is so I can own a farm and have 10 kid. I'm in my mid 20s and save over 80% of my income still living like I was in college. If you want to see successful happy people with large families just look at the Amish, talk to them and then look at our own empty materialistic life.

Thanks for the great video James! It’s sad that the silver lining for millennials and below is our parents dying… it doesn’t seem that great tbh 😮 also, surely when governments see this they will crack down on inheritance taxes? It seems logical to me.

I'm a millennial with a house, good job, upcoming family, and a solid financial base to build on. Hard work, being smart with my money, and dedication paid off for me. Now I have the knowledge both of crypto and stocks, options, etc. to help boost my wealth and hopefully allow me to work less and spend more time with those most important to me. Thank you to people like James for helping with the latter part!

James you are like my fave history teacher, you can go off on a tangent anytime you like sir!!!❤️

Millennials are going to be eating cat food during their retirement years.

What happens when someone dies with a sizable amount of cash/assets/stocks without a will or next of kin? Wouldn't that money just disappear or go to the institutions the assets are parked in freeing them to do whatever they want with the money? I mean, banks already do what they want with our savings but are beholden to give the savings back if/when we ask for it but if the person dies, wouldn't the institution just be free to do what they want with it? If the money just disappears, wouldn't that lower inflation or at least cancel out some of the cash the FED prints?

Interesting, I guess overturning Roe-Wade was a national security issue.

So we went for generations plundering the 3rd world countries to make them rich to now plundering their own children to stay rich.

and people get angry when they hear "Eat the Rich" while they are eating us and our children alive…

Spoiler Alert, the hopeful good news at the end is: mass death of baby boomers! I get it, it's good financially for the deprived millennials but ouch!

extremely short sided to think an ever increasing population is sustainable. SURE, governments want that. Sure it's good for pensions, but is not the long term answer.

The poulation pictures are simply those shapes because single child produced by couple is less than 1.

Completely disagree with your assumptions of spending 'thoughts' for each generation.

Such great statistics! And yes crypto will take over in the next 10 years, also my thinking

But what about families with multiple kids. I lost my father at 25 he was 59…
My mother still has a mortgage and expenses to pay how much do you think she will have left for my and my 3 siblings?

Anything from 2018 is invalid imo.

Gen X music is the best. Golden age.

Thank you James for sharing the info….good stuff!

Great content very interesting. I’ve immediately shared the video with my two kids who are both Millennials gen Y and my lodger who is Gen z. I can’t help but see that today’s property ownership perhaps has benefited my generation from the 70s 80s but today it is property based on digital assets. If you can’t afford property today you can afford some digital property bitcoin! Thanks James and your A team.

Hello I saw your mid 2021 price prediction for Polkadot and it was in the 180 $ range .. “conservative” did you do the post mortem analysis on what was wrong with polkadot to fail it so badly?

retirement is a myth, and would be good to see how crypto effects wealth across the groups

the prime spending years are when adults form families, start buying houses, cars etc then begin popping out kids, paying for school and kids stuff. yes once people retire they can spend more but are often too old to gallivant around so the money kinda keeps growing and growing until they pass away and the money is transferred to the next generation.

If investors stopped buying real estate people wouldn't be stuck renting. It's nice to be sympathetic but investors are part of the problem here.