"Millennials Set to Inherit $90 Trillion, Poised to Become Richest Generation in History"

TL;DR Summary
A new report by Knight Frank predicts a $90 trillion wealth transfer over the next 20 years, making millennials the richest generation in history. However, millennials have faced challenges such as an inaccessible housing market, student debt, and job market changes. The report also highlights the focus on housing for the next generation, with wealthy individuals considering property acquisitions. Additionally, it's becoming increasingly difficult to break into the world's top 1% club, with individuals needing a net worth of over $5.8 million in the U.S. and $12.88 million in Monaco.
Topics:business#financeeconomy#generation-wealth#housing-market#millennials#ultra-high-net-worth#wealth-transfer
- A $90 trillion Great Wealth Transfer will make millennials the ‘richest generation in history,’ blockbuster report says Fortune
- Millennials stand to become the richest generation in history, after $90 trillion wealth transfer CNN
- A huge wealth transfer means millennials are poised to become 'the richest generation in history' CNBC
- Millennials will soon be the wealthiest generation, invest in climate Quartz
- Millennials on course to become ‘richest generation in history’ The Guardian
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