In this video, we’ll explore how different generations view and manage money based on their historical experiences. From The Silent Generation to Gen Z, we’ll discuss the unique perspectives each generation brings to money management. 

In this episode, you will learn the following :

• Generational wealth dynamics are examined, exploring how historical events have influenced spending and saving patterns.
  
• Silent Generation is known for thriftiness due to experiences like the Great Depression and World War II.
  
• Baby Boomers, growing up in economic prosperity, inherited financial discipline from the Silent Generation.
  
• Generation X faces the challenge of supporting both aging parents and children, resulting in the highest spending on necessities.
  
• Millennials prioritize experiences over possessions and have been shaped by the Dotcom Bubble and the Great Recession leading to cautious investing.
  
• Generation Z  exhibits entrepreneurial spirit and risk-taking but also faces unique financial challenges due to digitally-focused upbringing and recent global crises.
  
• The importance of adapting spending habits to the current economic landscape and preparing for the future, regardless of generational influences.