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

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Source: Fortune
"Millennials Set to Inherit $90 Trillion, Poised to Become Richest Generation in History"
Photo: Fortune
TL;DR

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.

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