ICR040: Greedy, spoiled, self-absorbed Baby Boomers
This week in episode 40 of the Informed Choice Podcast, Martin talks about the causes of intergenerational wealth inequality, whether Alzheimer’s disease can be transmitted by medical procedures and why teenagers are better with money decisions than young adults.
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In the personal finance and investing new roundup this week:
-The Bank of England Monetary Policy Committee has voted to keep interest rates on hold at 0.5%.
-House price inflation is likely to be 6% this year, according to the Royal Institution of Chartered Surveyors.
-The Autumn Statement will take place on Wednesday 25th November, with Chancellor George Osborne announcing his Spending Review at the same time.
-Jobless claims in the US have fallen, with the employment market starting to strengthen as fewer Americans applied for weekly unemployment benefits.
Listener question
No listener question in the show this week, but we would love to hear from you!
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Main topics
Are members of the post-war Baby Boomer generation really to blame for wealth inequality across the generations?
A TUC report has concluded the popular notion that wealthy Baby Boomers are hoarding the country’s wealth in retirement, at the expense of younger generations, is wrong.
Is Alzheimer’s Disease infectious?
The tabloid press have been getting excited this week with the news that Alzheimer’s could be transmitted during some medical procedures. This is based on a study which found that some patients with a rare form of “iatrogenic” Creutzfeldt Jakob Disease (iCJD), had a molecular hallmark of Alzheimer’s.
How good are teenagers with money?
There was an article in The Telegraph this week based on research which found teenagers are more rational with spending money than those in their 20s. Researchers from Duke University in North Carolina found that children aged 10 to 16 were better at picking the best options for saving money than young adults.
Useful links
Here are links to everything else Martin mentioned in episode 38 of the Informed Choice Podcast:
–Trigger Mortis by Anthony Horrowitz
–Baby boomers are ‘not to blame’ for wealth inequality across the generations (article)
–Autopsies reveal signs of Alzheimer’s in growth-hormone patients (article)
–Teenagers better with money than twenty-somethings (article)
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