Millennials are projected to become the wealthiest generation in history (again). Millennials are predicted to inherit significant property assets from preceding gens, leading to a “seismic” increase in wealth over the next two decades. This transfer of wealth amounts to $90T is the U.S. alone, marking a substantial shift in wealth distribution between gens. Liam Bailey, global head of research at Knight Frank, suggests that this shift in wealth dynamics could encourage sustainable investments and behavior among Millennials, who are increasingly conscious of reducing their carbon footprints. (The Guardian)
🔎 YPulse reported: Other studies suggest the Great Boomer Wealth Transfer is unlikely to benefit most Millennials
