Future-proofing wealth by investing in tomorrow’s people

Investing in the fast-moving world of work, an under-recognised frontier, will likely prove a key strategy for the portfolios of wealthy families.

We are in the midst of the largest wealth transfer in history: nearly $124tn will change hands before 2048, with Millennials and Gen Z set to inherit the lion’s share. These generations are digital-first, values-driven, and increasingly attentive to how their capital shapes the world.

According to a report by Bank of America,

82 per cent of next-generation investors factor environmental, social and governance (ESG) considerations into their decisions

. Much of this focus has been channelled into climate solutions, and rightly so.

But for wealth managers, the future of work is an equally urgent and under-recognised frontier. The US labour market is under strain. According to new 2024 data from Oxfam,

more than 39m Americans earn less than $17 an hour

Author's summary: Wealthy families should invest in the future of work.

PWM — 2025-10-23

Future-proofing wealth by investing in tomorrow’s people

More News