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JP Morgan CEO's apocalyptic prediction: Younger generations will inherit trillions of dollars, but...
2025-04-12 20:58:13 / BOTA
JP Morgan CEO Jamie Dimon expressed optimism about the future of younger generations, noting that they will live longer, healthier and wealthier lives, provided there is no nuclear war. In an interview with Fox News, he said that technology and developments in artificial intelligence will bring great benefits to youth.
Dimon emphasized that these generations will also benefit from what is known as the "Great Wealth Transfer," where it is expected that by 2045, about $84 trillion will be inherited from the generations of 40-60. Currently, these two generations own 64% of the total wealth in the US, which is estimated at $190 trillion.
According to Dimon, the current challenges should not discourage young people. He advised them to work hard, constantly learn, and not remain in political "eco-companies", but to listen to all sides. "If you take care of your mind, body, soul and relationships, you will have a good life," he said.
However, Dimon warned that the economy is going through a turbulent period due to trade tariffs and persistent inflation. Although President Trump has temporarily suspended some tariffs, many companies may be forced to lower or eliminate their earnings forecasts, as happened at the beginning of the pandemic.
In the end, Dimon called on young people to instead of complaining about the current situation, focus on the opportunities ahead and build a better future.
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