THIS YEAR’S MODERN AFFLUENCE SUMMIT, HOSTED AT 180 STRAND, MARKED A SEMINAL MOMENT FOR US AS GLOBAL C-SUITE LEADERS, ENTREPRENEURS AND PEOPLE OF INFLUENCE CONVENCED TO DISCUSS THE OPPORTUNITY THAT THE GREAT WEALTH TRANSFER OFFERS SOCIETY.
Over the next 30 years an estimated $81 trillion is set to transfer to younger generations in what has already been dubbed “The Great Wealth Transfer”. Over 50% of American wealth is now inherited, according to the Wall Street Journal, with 15% of American adults expecting to receive an inheritance from a parent, spouse, family member or another individual in the next 10 years. Millennials and Gen Zs, who in 2019 made up 40% of the luxury personal goods market, are set to represent 75% of the segment by 2026 becoming the dominant players, according to Boston Consulting Group.
What emerged from a day of insight, inspiration and talks was a picture of a new wealth generation that is: values driven, entrepreneurial, diverse, culturally connected, looking to new avenues and models for investment, resonating with brands that are responsible, transparent, opinionated, and innovative and, finally, tech aware and future facing – embracing learning around Quantum & AI
Thanks to our sponsor VGC Partners, our partners at the Future Laboratory and Verb, our inspirational panellists, and speakers and of course our audience of change makers and legacy builders.