Are you born between 1981 and 2000? Knight Frank report says you gonna be richest generation soon

Guess which generation is going to be richest generation in history? It is not the Gen X or the Gen Z. It is the Millennials, or those born between 1981 and 2000.

Global real estate research agency Knight Frank said in its 18th Annual Wealth Report, analysed by Ziraat Times, that the Millenial generation is on track to reap the windfall over the next 20 years, thanks to the property assets accumulated by the generations before them, or, say, their parents and grand parents.

The research found that 75% of millennials expect their wealth to increase in 2024, against 53% in the baby boomer generation (those born between 1946 and 1964), 56% in Gen X (born between 1965 to 1980) and 69% in generation Z (born 1997 to 2012).

Are you scratching your head? Well read on..

While the distribution of wealth may be shifting between world regions, the report says that an even bigger shift is happening between generations. 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 annual wealth report.

While they wait for their inheritances, many millennials are still reeling from a series of economic shocks, with the 2008 crash followed by a series of financial headwinds brought about by the pandemic, Brexit and war in Ukraine, the report added.

As a result of rising rents, they have spent much of their income on housing costs and faced significant challenges to afford their own homes or build up a pension pot.

In reality, their future financial firepower is likely to be a divisive lottery, predominantly determined by inheritance from previous generations, including property.

Liam Bailey, global head of research at Knight Frank, said the shift in wealth was likely to aid efforts in sustainable investments and behaviour. “Millennials appear to have got the message when it comes to cutting consumption – 80% of male and 79% of female respondents say they are trying to shrink their carbon footprints,” he said.

He forecast that wealth creation trends among those in Gen Z suggested that the 38% increase in female ultra-high net worth individuals – those with more than $30m in assets – over the past decade “is set to keep on building”.

For more details, please read the full report online.

917 COMMENTS

  1. Каждый СЃРїРёРЅ может стать выигрышным!: balloon игра – balloon казино официальный сайт

  2. Приветствуем вас на нашем веб-сайте!
    Здесь вы найдёте всё необходимое для успешного управления
    своими финансами. Мы предлагаем широкий спектр финансовых
    продуктов, которые помогут вам достичь ваших
    целей и обеспечить стабильность в будущем.

    В нашем ассортименте представлены различные виды банковских продуктов, инвестиции, страхование, кредиты и многое другое.

    Мы постоянно обновляем нашу базу данных, чтобы вы всегда были
    в курсе последних тенденций и инноваций на финансовом рынке.

    Наши специалисты помогут вам
    выбрать наиболее подходящий продукт, учитывая ваши индивидуальные потребности и предпочтения.

    Мы предоставляем консультации и рекомендации,
    чтобы вы могли принять обоснованное
    решение и избежать возможных рисков.

    Не упустите возможность воспользоваться нашими услугами и откройте для себя мир финансовых возможностей!
    Заходите на наш сайт, ознакомьтесь с каталогом продуктов и начните свой
    путь к финансовой стабильности прямо
    сейчас!
    дебетовая карта с функцией бесконтактной оплаты

  3. Fantasy sports is a strategy-based online sports game where you can create a virtual team of real players, playing in live matches worldwide. You earn points and win cash prizes based on the performances of these players in actual matches. In Bangladesh, the 1xBet app provides an experience designed for Bengali-speaking users, with language support and localized odds. Cricket is the primary focus, particularly during the Bangladesh Premier League and international matches, complemented by football betting on global leagues. Local payment methods such as bKash, Nagad, and Rocket are widely supported, along with standard card payments and cryptocurrency options. The app emphasizes cricket promotions, offering a welcome bonus of up to ৳10,000 and event-specific deals. Customer support in Bengali ensures a seamless experience for users.
    https://taiheterit1971.tearosediner.net/https-i-jetxgame-com
    The cornerstone of the Loyalty Program lies in its tiered structure, where achieving higher status translates to receiving more rewarding bonuses. By continually engaging with the platform and accomplishing designated tasks, you steadily progress through the ranks, unlocking access to increasingly lucrative bonuses and privileges. Mostbet is a popular online sports betting and casino platform that offers a wide range of services to its users. Designed with a user-friendly interface, and app functionality, Mostbet ensures a seamless and enjoyable experience for all its users. Whether you’re interested in sports betting or casino games, the platform caters to various preferences and needs, making it a versatile choice for entertainment. How is Aviator played? Aviator is a simple online crash game that anyone can play even beginners new to casino games. All you need for this game is a good strategy, patience, and knowing when to cash out. If you are new to the game, here is how to play Aviator for beginners on different betting platforms.

LEAVE A REPLY

Please enter your comment!
Please enter your name here