"The Dawn of the Richest Generation: Massive Wealth Transfer Unfolds"
A report by Knight Frank predicts a transfer of $90 trillion in assets from boomers to millennials over the next 20 years, creating the richest generation in history. Despite facing challenges such as the 2008 financial crisis and decreased purchasing power, millennials are expected to have five times more wealth by 2030. The report also highlights millennials' fiscal responsibility and their belief that prior generations have created obstacles for them. Additionally, it now takes $5.8 million to join the top 1% of earners in America, a $700,000 increase from the previous year.
