Property News · February 29, 2024

Millennials on course to become ‘richest generation in history’


Generational transfer of wealth largely built up in property will amount to $90tn in US alone, report saysMillennials may have been portrayed as frivolous spenders squandering their income on overpriced coffees and online barre classes in the face of pitiful long-term finances – but they are on course to become the “richest generation in history”, a study has shown.Those born between 1981 and 2000 are in line for a “seismic” windfall over the next 20 years, according to research by real estate agent Knight Frank, thanks to the property assets accumulated by the generations before them. Continue reading…

Source : theguardian.com
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