49: The False Economic Narrative of Youth With Vadim Verkhoglyad

Welcome to the Strategic Financial Leadership podcast! In this episode, host Steve Coughran chats with Vadim Verkhoglyad, Vice President and Head of Research Publication at dv01. Together, they dive into a thought-provoking summary that challenges common media narratives about American households. The summary suggests that many media narratives focus on the constant struggles of American households and miss the substantial income gains and wealth effects experienced by a wide variety of households in recent years, particularly those at the lower end of the income spectrum. Gen Z is a prime example of this trend, with economic prospects ranging from significantly stronger than millennials on age-adjusted metrics to all-time record highs among numerous key metrics. Steve and Vadim discuss the value of increased financial literacy, how effectively people respond to financial incentives in shaping their futures, and the utility of expanding financial access and knowledge. They argue that these factors are crucial for long-term outcomes and are often overlooked in discussions of generational wealth and economic progress. Throughout the episode, Steve and Vadim offer insights and thoughtful analysis based on their experience and expertise in the field. They bring fresh perspectives to complex economic concepts and make them accessible and understandable for listeners. Tune in to this episode of the Strategic Financial Leadership podcast to gain a new perspective on contemporary media narratives about American households and to learn more about the value of financial literacy and access.  Helpful links:Free masterclass for business leaders and entrepreneurs: The Surprising Path to ExcellenceTake our free Performance Health Score Assessment. Start hereDownload the FREE Boosting Your Financial IQ app at the Apple App Store or Google Play StoreJoin our SFL Accelerator ProgramCheck out our free masterclass "The Surprising Path to Excellence". Disclaimer: BYFIQ, LLC is a wholly owned entity of Coltivar Group, LLC. The views expressed here are those of the individual Coltivar Group, LLC (“Coltivar”) personnel quoted and are not the views of Coltivar or its affiliates. Certain information contained in here has been obtained from third-party sources. While taken from sources believed to be reliable, Coltivar has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation. This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendations. The Company is not affiliated with, nor does it receive compensation from, any specific security. Please see https://www.byfiq.com/terms-and-privacy-policy for additional important information.