this post was submitted on 29 Feb 2024

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Dying Boomers rule (lemmy.ml)

submitted 8 months ago by JoMiran@lemmy.ml to c/196@lemmy.blahaj.zone

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Article assumes Boomers won't spend it all before they die.

https://www.theguardian.com/money/2024/feb/28/millennials-richest-generation-wealth-property

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[–] BirdyBoogleBop@lemmy.dbzer0.com 15 points 8 months ago* (last edited 8 months ago) (1 children)

The switch will see $90tn (£71tn) of assets move between generations in the US alone, “making affluent millennials the richest generation in history”, Knight Frank said in its 18th annual wealth report.

[–] bob_lemon@feddit.de 4 points 8 months ago

Meanwhile, every discussion about inheritance tax is poisoned by people claiming they would need to still their parents house.