Ten years ago they were dubbed 'lazy'. Now they're poised to enjoy the fruits of their parents' labour
The generation born between 1981 and 86 is about to receive a huge transfer of wealth to be published next Wednesday, the generation born between 1981 and 1996 is about to receive a huge transfer of wealth, as earlier generations of householders pass the value of their properties down. It will make them “the richest generation in history”.
of any generation, finding it tougher than Generation X and vastly more than the post-Second World War baby boomers, who seem to have done best of all. While this is a global phenomenon, Britons do seem to have particular issues. The Barna Group, a US faith-based organisation, partnered with World Vision in athat particularly noted the high levels of anxiety of young people here. They found that young Britons felt much less cared for, secure and optimistic than their peers in other countries. For example, 34 per cent of global respondents said they felt able to accomplish their goals.
The Government could also encourage the building of retirement communities. In the US, 6.5 per cent of over 65s live in sheltered accommodation,. But in the end, it is down to families making the tough choice of how and when to pass on their wealth. Millennials will indeed be the richest generation one day, but for most of them those sunlit uplands are still a fair way off..
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