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Excess Returns

The Fourth Turning Is Now | Neil Howe on the Coming Financial Reset and Who Rebuilds What’s Broken

17 May 2025

Description

What does it mean to come of age during chaos—and how does that shape the generations who must lead us through it? In this thought-provoking episode of Rabbit Hole, Dave Nadig speaks with Neil Howe—author of The Fourth Turning Is Here—about the evolving role of Gen X in today's world, the generational dynamics underpinning societal shifts, and what history teaches us about crisis, community, and rebirth. This is not just a theory session—it’s a practical guide to understanding where we are in the cycle and what might come next.Topics Covered:Why generational transitions are slowing—and why that mattersThe Gen X identity crisis: from latchkey kids to future eldersHow community rises from conflict during fourth turningsMillennials' collective investing mindset vs. Gen X contrarianismThe historical role of financial repression and inflation in crisesParallels between Gen X and the Lost GenerationHow institutions are built—and who builds themWill the next societal reboot be state-driven or community-driven?Global synchronization of generational crises and what that impliesWhat comes after the fourth turning—and how Gen X fits into it

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