Great Affluence - Great Need
We are living in a time of great affluence and great need – when there is a seismic shift in the level and potential for the positive effect of great wealth.
In the next 50 years, an unprecedented transfer of wealth will occur in the United States. If wealth grows at the same rate annually in the first half of this century as it did in the past 50 years, this inter-generational transfer will likely exceed over $100 trillion. This wealth will be passed on to heirs, charity, and government.
At the same time, more people, and at a younger age, will achieve financial independence during their lifetime – and many of them are asking how to allocate their wealth intelligently. In this context, accumulating wealth has ceased to be the central and only measure of success.
For the first time in history, the most compelling economic question for a substantial portion of a nation's population is how to use their wealth as a tool to serve the needs of others. Should individuals with great capacity so choose, they can enjoy the appealing and fulfilling prospect of deploying substantial resources to address the world's most pressing needs.
Indeed, as individual financial capacity increases, so too does the personal opportunity and responsibility to contribute to the betterment of our social, environmental and cultural conditions – for us today and for future generations.