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WHAT $210 TRILLION MEANS TO THE GOUCHE FOUNDATION

Updated: 3 days ago



OUR CHILDREN'S GENERATION WILL NEED AN ESTIMATED $210 TRILLION TO ACHIEVE FINANCIAL INDEPENDENCE, AN UNPRECENDENTED ECONOMIC CHALLENGE FOR OUR NATION AND OUR CHILDREN.


According to a new study, only 1 in 10 Americans report they have achieved financial independence and live life on their own terms. This troubling statistic means that 90% of our children will not be able to achieve the American Dream. Our children face unprecedented challenges unlike any previous generation. For the first time in over a century, we are raising a generation of children who may be worse off than their parents, where everyone could become less well-off, secure, and free.


Over the past year, we have diligently searched to further understand the implications of this growing economic crisis and what we can do to address it for our children and grandchildren. This search required a comprehensive analysis of current trends exacerbating the issue and what our enterprise could do to raise awareness and provide solutions.



WE FIRMLY BELIEVE OUR CHILDREN DESERVE BETTER, AND AS PARENTS, PARTNERS, AND FRIENDS, WE CAN AND MUST DO BETTER.


Each generation owes it to those who came before us to ensure we leave future generations with greater opportunities than we had. When an issue is important enough, people are naturally equipped with resilience, determination, and optimism to unlock opportunities for their loved ones and make the world a better place. By launching a national public awareness campaign to highlight this formidable challenge, we believe we can help every parent ensure that the next generation of American children achieves financial independence. Here, I would like to walk through what we believe needs to change, how the Foundation can contribute, and why we must work together to continue to promote a future where wealth and prosperity are limitless.


Moving forward, we will leverage every aspect of our Foundation—including our resources, conferences, programs, and voice—to emphasize that the real solutions to securing their children's financial future won’t be found in politicians or policymakers, but in themselves. We will amplify our voice using our three-part strategy essential for conveying our message.


  1. We will ensure parents are aware of the economic crisis awaiting our children and what they can do about it.

  2. We will encourage parents to think ahead and start saving early for their children’s future.

  3. We will assist parents in getting started by offering early wealth fund grants to invest in their child’s future. For example, by the time a child turns 18, the average parent will spend over $25,000 on birthday parties, Christmas gifts, and high school graduation parties. If parents instead invested a portion of that money for their child’s future, their early investment could accumulate to nearly $1.5 million in personal wealth for the child. However, over 90% of these children will turn 25 without any investments or retirement savings. READ MORE HERE >>





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