(New York, NY) – Millennials are poised to inherit ninety-trillion-dollars of assets and become the richest generation in history over the next twenty years. Between now and 2044, the Silent Generation and Baby Boomers are expected to hand over their significant wealth to Millennials – but only those who already come from affluent families, potentially deepening wealth inequality further. This is according to a report from property consultant, Knight Frank. The research also showed that affluent young people are less likely to see property or real estate as a way to build wealth in the future.
There’s evidence that younger generations are more comfortable renting a home, leasing a vehicle, and living a subscription lifestyle than prior generations.
Comments