Joseph L. Morana’s Post

Changes are coming as the "torch" is passed to the Millennials. With the younger generation not seeing real estate as a method of growing wealth in the same way the prior generation did, what will be the impact? It's a question worth asking as we see a shift in attitudes towards property investment. As the largest generation in the workforce, their impact on the real estate market is inevitable. Let's keep an eye on how this unfolds and what it means for the industry moving forward. #realestate #millennials #propertyinvestment #changingattitudes https://lnkd.in/efznzt8r

Discover why millennials are hesitating on estate planning and what it means for their financial future—dive into the details now at the link below! ⬇️ #EstatePlanning #Millennials #lepelderlaw https://lnkd.in/e_VVNBDX

Will Millennials be the richest generation? A recent story in The Guardian says yes, but let's unpack the logic. 💰 🏡 The rationale is very simple: Millennials stand to inherit expensive properties from the Baby Boomers. 🤔 But inheritance alone doesn't guarantee long-run wealth, especially if property values are inflated. 🔍 The optimism about Millennials is good, but we should look to generate wealth through other means than just inheritance. That is helpful fuel, but it won't sustain a lifetime. We need to improve financial literacy and strategic decision-making across the board. #financialplanning #millennials #housing #financialeducation https://lnkd.in/eXT-JQhM

According to new CFP Board research, millennials prioritize financial independence and stability above all else — and nearly half believe they’re in a better spot than their parents or grandparents were at the same age. CEO Kevin R. Keller, CAE explains how the 2008 financial crisis shaped these goals and why millennials are so focused on achieving them in this Fortune article by Alicia Adamczyk. Read more: https://lnkd.in/eU5PjwHY  #FinancialPlanning #Millennials #ResearchFindings  

Financial independence opens so many paths to the lives people envision for themselves. The first step: Create a plan. #CFPPros can help.

Which generation is more likely to get financial advice? Boomers or Gen Z? What about millennials? We take a look… https://zurl.co/wsqA #FinancialAdvice #Boomers #GenZ #Millennials

Study finds 3 in 5 millennials don’t have a will or trust, despite wanting to pass on wealth💰 Read on to learn why planning for the future remains a significant challenge for this generation 🔗 https://lnkd.in/etk8PJVd #BlogOfTheDay #Millennials #EstatePlanning #LetsTalkEstatePlanning #WillsAndTrusts

Study finds 3 in 5 millennials don’t have a will or trust, despite wanting to pass on wealth💰 Read on to learn why planning for the future remains a significant challenge for this generation 🔗 https://lnkd.in/gVnVDxcr #BlogOfTheDay #Millennials #EstatePlanning #LetsTalkEstatePlanning #WillsAndTrusts

A windfall is set to fall into the laps of millennials over the course of the coming decades, a new report suggests, shifting the power dynamic in the economy away from boomers. That’s according to property broker Knight Frank’s 2024 Wealth Report released this week, which reveals over the next 20 years $90 trillion in assets will be transferred between generations in the U.S. alone. By Knight Frank’s estimation, this shift will make affluenct millennials “the richest generation in history.” Read more: https://lnkd.in/gHghYJhp

Millennials Gen-Z Buy Homes Differently As the largest home-buying group, Millennials tend to wait longer to buy, starting at age 35. In contrast, Gen Z is entering the housing market earlier, starting at age 25. This underscores the importance of real estate professionals adapting their strategies to cater to the unique needs of each generation. #GenZHomebuying #MellennialsHomeBuying #TheAbedGroup #WadeHAbedFloridaRealtor #RoyalShellRealEstateFlorida #FloridaLiving #NaplesRealEstate #BonitaSpringsRealeEstate #MarcoIslandRealEstate #FortMyersRealEstate #CapeCoralRealEstate #LeeCountyFlorida #EsteroRealEstate #FloridaLifeStyle #FlordaBuyers