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Ken Costa talks to Lyse Doucet.

The Great Wealth Transfer

Hay Festival 2025, 

The next ten years will see an unprecedented transfer in wealth from the so-called ‘baby boomer’ generation to the young. Never before will so much money be shifted so suddenly from one generation to the next, and never before has the next generation felt so differently about the future of the planet and of capitalism.

In this look at intergenerational attitudes to wealth, global investment banker, philanthropist and thought leader Ken Costa examines how Generation Z’s focus on ethics, climate change and purpose will change capitalism forever, and what that means for the future of the world.

Costa is a supporter of investment in the next generation, and chairs Glorify, a meditation app.