Navigating Change: Preparing for Demographic and Economic Shifts
The 48th volume of Independent Thinking® by Evercore Wealth Management explores the complexities facing families and investors in a rapidly changing world.
The edition emphasizes the importance of adaptability and proactive planning in the face of unpredictable economic, demographic, and societal shifts. Key articles address the challenges of multigenerational wealth transfer, the profound impact of demographic trends, and the necessity for robust estate and investment strategies.
Communication and collaboration among family members and advisors are essential for preserving assets and values across generations. The publication also examines the implications of recent global events, such as the banking crisis and inflation, for private capital investors and high-net-worth individuals.
Independent thinking®
VOLUME 48
Navigating Change: Preparing for Demographic and Economic Shifts
Multigenerational Wealth Transfer and Family Values – Successful families focus on transferring financial assets and preserving nonfinancial capital across generations, such as values, collective support, and community involvement. Open communication, family council meetings, and collaborative philanthropy are emphasized as tools for maintaining family harmony and legacy.
Demographic Shifts and Economic Impact – The edition analyzes how aging populations and declining birth rates in developed and emerging economies reshape global economic prospects. Articles provide comparative insights into demographic challenges in regions like the United States, Europe, China, and Japan, highlighting the long-term implications for growth and productivity.
Women’s Participation in the Workforce – A dedicated discussion explores the increasing role of women in the U.S. workforce, examining how this trend affects economic growth and family dynamics. The analysis considers the broader societal and financial implications of shifting gender roles.
Estate Planning and Stress Testing – The publication underscores the importance of regularly reviewing and stress testing estate plans to ensure they remain effective amid changing regulations, family structures, and market conditions. This proactive approach helps families manage risks and adapt to unforeseen events.
