"Millennials Poised to Inherit Record Wealth, Becoming Richest Generation in History"

A report from Knight Frank predicts that a massive wealth transfer over the next decade will make millennials "the richest generation in history," as assets are passed down from the silent generation and baby boomers. This shift, totaling $90 trillion in the U.S. alone, comes at a time when many millennials and Gen Z adults are facing financial challenges due to soaring rents, rising inflation, and student debt. The transfer is occurring amidst "seismic changes" in how assets are utilized, with millennials showing a greater focus on reducing their carbon footprints and investing in areas like climate change.