Americans have been anxiously awaiting the so-called "great wealth transfer," where trillions of dollars are expected to pass down from Baby Boomers to their kids. But people are living longer and holding onto their assets. Jill says it's time to start opening up the purse strings now. Plus, caller questions: Toby asks whether sterling silver jewelry is actually a worthwhile investment, and Dave wants to know if taking a pay cut to improve his quality of life is financially realistic.
Have a money question? Email askjill@jillonmoney.com.
0:00 Intro
0:57 The "great wealth transfer" and why Boomers should start helping their kids now
7:22 Is sterling silver jewelry actually a worthwhile investment?
12:39 Is taking a pay cut to improve your quality of life financially realistic?
20:20 Debunking bad financial advice
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Americans have been anxiously awaiting the so-called "great wealth transfer," where trillions of dollars are expected to pass down from Baby Boomers to their kids. But people are living longer and holding onto their assets. Jill says it's time to start opening up the purse strings now. Plus, caller questions: Toby asks whether sterling silver jewelry is actually a worthwhile investment, and Dave wants to know if taking a pay cut to improve his quality of life is financially realistic. Have a money question? Email askjill@jillonmoney.com. 0:00 Intro 0:57 The "great wealth transfer" and why Boomers should start helping their kids now 7:22 Is sterling silver jewelry actually a worthwhile investment? 12:39 Is taking a pay cut to improve your quality of life financially realistic? 20:20 Debunking bad financial advice CBS News 24/7 is the premier anchored streaming news service from CBS News and Stations that is available free to everyone with access to the internet and is the destination for breaking news, live events, original reporting and storytelling, and programs from CBS News and Stations' top anchors and correspondents working locally, nationally and around the globe. It is available on more than 30 platforms across mobile, desktop and connected TVs for free, as well as CBSNews.com and Paramount+ and live in 91 countries. Subscribe to the CBS News YouTube channel: https://youtube.com/cbsnews Watch CBS News: https://cbsnews.com/live/ Download the CBS News app: https://cbsnews.com/mobile/ Follow CBS News on Instagram: https://instagram.com/cbsnews/ Like CBS News on Facebook: https://facebook.com/cbsnews Follow CBS News on X: https://x.com/cbsnews Subscribe to our newsletters: https://cbsnews.com/newsletters/ Try Paramount+ free: https://paramountplus.com/?ftag=PPM-05-10aeh8h For video licensing inquiries, contact: licensing@veritone.com