Australia’s wealthiest generation, the baby boomers, are projected to pass down $3.5 trillion to younger generations in the coming decades, primarily through inheritance.

One thought on “Baby boomers, Australia’s richest generation, are expected to hand over $3.5 trillion to younger generations over the coming decades, largely via inheritance.”

  1. That’s a significant transfer of wealth! The $3.5 trillion expected to shift from baby boomers to younger generations could have a profound impact on the economy and individual financial situations. It raises important questions about how these inheritances will be managed—whether they’ll be spent, saved, or invested. Furthermore, it could exacerbate existing wealth disparities if not handled thoughtfully. It’s essential for younger generations to prepare financially for this transition, both to manage the inheritances wisely and to understand the broader implications for society. What strategies do you think younger generations could adopt to make the most of this wealth transfer?

Leave a Reply

Your email address will not be published. Required fields are marked *


Explore More

Dead and dying Port Pirie birds and bats exposed to lead at 3,000 times acceptable levels

Port Pirie birds and bats found deceased or in distress due to lead exposure at levels 3,000 times above the acceptable limit.

Don’t be fooled, only the very richest will ever have more than $3m in super

Understanding Superannuation: Why Most Will Not Exceed $3 Million In the realm of superannuation, a common misconception has emerged: that anyone can accumulate significant wealth in their retirement fund. However,

So who do I call over a tree that Alfred toppled? (NSW)

Who should I contact regarding a fallen tree that Alfred knocked over? (NSW)