Webcast: Whose future? The Financial Choices facing Baby Boomers, Generation X and Millennials
Webcast: Whose future? The Financial Choices facing Baby Boomers, Generation X and Millennials
Presenter: Hilary Cooper
Webcast details: Tuesday February 18th, 1pm (GMT)
The Financial Conduct Authority published a discussion paper in May 2019 looking at how consumers’ financial needs are changing and especially at how financial choices interact with the constraints of the generation you were born into – Boomer, Gen X or Millennial.
In this webcast economist Hilary Cooper will seek to illuminate further the issues that affect each of these generations as they plan their spending, saving and wealth accumulation over their working lives and into retirement and old age. It will challenge and dispel a number of myths along the way.
Are Millennials just being held back by high house prices and student debt or is there something else preventing them getting on the housing ladder at the age that their parents did? If rent takes a third to a half of your income what happens if Generation Rent gets to the point of retiring without having achieved home ownership? What happens when the bank of Mum and Dad runs out of money and can’t afford care? Is inheritance tax a red herring when the real issue for family finances is who gets dementia or outlives their children by living to 100? Does anyone with a mortgage these days remember when mortgage interest was regularly approaching 10% - do they plan for a world in which negligible interest rates are no longer normal? Are student loans really a debt if they are written off for everyone after 30 years? Should we take Martin Lewis’ counsel to focus our concerns elsewhere?
Institute members are part of this conversation both as professionals supplying financial products and services and as consumers in their own right. Join us to hear Hilary’s thoughts and participate in the discussion.