The Federal Reserve decided to cut interest rates for a third time this year.
This deviation from projections illustrates the Fed's willingness to react quickly to changes in the economic environment. It also presents challenges and uncertainty for credit unions managing their balance sheets and working to anticipate member needs.
The greatest intergenerational wealth transfer in history has begun. Over the next 30+ years, Baby Boomers will pass up to $60 trillion to their Millennial and Gen Z heirs. During the peak of the transfer, 10 percent of total wealth in the U.S. will change hands every five years. This is the Big Shift.
Meet your future clients, Millennials and Gen Zs, in Harland Clarke’s article, “Wealth Management and the Big Shift: How to Attract and Serve Your Next Generation of High Net Worth Clients."