Wealth has evolved from a focus on tangible assets like land and gold to a more complex understanding that includes diverse investments, values, and social impacts. This shift reflects changing societal priorities, particularly around sustainability and social equity.
Affluent individuals and families increasingly engage in philanthropy, viewing it as a strategic way to address pressing social issues and create lasting legacies aligned with their values. Additionally, impact investing has gained traction, where investors seek financial returns alongside measurable positive impacts, reflecting a growing awareness of global challenges like climate change and inequality.
Younger generations, especially Millennials and Gen Z, are driving this change by prioritizing transparency and social responsibility in wealth management. They emphasize collective well-being over individual gain, influencing expectations around how wealth is generated and used.
