FT Edit @ftedit.ft.com · Jun 30

Over the coming years, the "great wealth transfer" will see trillions passed on to Gen Z and millennials. Many of these young heirs came of age after the 2008 crisis. Now their views on money have banks and wealth managers scrambling to catch up. Today's Big Read is on #FTEdit 👉 ft.trib.al/JOxWdWO

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Replies

Glubdub · Jul 1

The idea that there's going to be anything left for those generations is the latest version of "just work hard and follow the book and life will work out". Boomers fully intend to squander off every cent they have claim to. All their wealth will go to their elder care, because younger people

Colin Boyle · Jun 30

Assumes of course that climate change etc. hasn’t significantly reduced the asset base by that point…

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rktecture · Jun 30

Arguably just transferring back to the younger generations from boomers and Gen-Xers who benefitted massively from intergenerational theft during their lifetimes? I'm sure Gen Z and millennials would have preferred it hadn't been taken in the first place, rather than wait to inherit it (after tax)