Business · Economy · 21 hrs ago
Great wealth transfer from older generations to Gen X is under way
Wealth is beginning to pass from older people to younger generations.
The transfer involves older baby boomers and the so-called silent generation passing money to Generation X. It is described as being in its early stages.
The sums involved are expected to run into trillions.
This could reshape how wealth is distributed between generations.
The source gives no further details about how the transfer will happen or when it will be complete.
The transfer of wealth from older generations to Generation X is in its early stages, Hamish McRae says.
The transfer involves money passed from older baby boomers and the so-called silent generation to Generation X.
McRae says the transfer runs into trillions.
He says there are no strong signals of a global recession.
- Who
- Older baby boomers and the so-called silent generation are passing money to Generation X.
- What
- A wealth transfer is under way, involving trillions.
- When
- It is in its early stages.
- Where
- Not stated
- Why
- Not stated
This story does not have two clearly opposing sides.
We're in the early stages of the great wealth transfer.
This story does not have a timeline yet.
- Scale
- Runs into trillions
- Sources of wealth
- Older baby boomers and the so-called silent generation
- Recipients
- Generation X
Sources
Related news
Philip Morris aims for smoke-free products to make up over 66% of revenue by 2030
Dollar holds near 18-month high as markets await US inflation data
EU banks cut financing for coal companies by 46% in four years
US-China supertanker freight cost falls from record
Conflict around Hormuz drives up shipping costs beyond oil
Asian Markets Open Mixed as Investors Watch Middle East Tensions and US Earnings
Capitalism and Socialism Debate Who Should Guide Growth and Distribution
Oil prices fall on hopes of Russia-Ukraine energy ceasefire
Asian shares cautious as earnings season approaches and oil prices slip
Investors turn to rental housing in Japan and Australia as costs rise
Gold Edges Higher as Traders Assess Trump’s Energy Ceasefire Claim
