Wealth Transfer of $90 Trillion to Millennials Could Widen Inequality Gap

Millennials stand to inherit $90 trillion over the next 20 years from Baby Boomers and the Silent Generation, but primarily those already from wealthy families, potentially increasing inequality.

This wealth transfer involves property and other assets and will bring major changes in how wealth is utilized.

Affluent young people see property/real estate as a less reliable way to build wealth compared to past generations.

The number of ultra high net worth individuals (worth $30M+) grew 4.3% last year, reversing a prior drop, with growth seen especially in North America.

This group finds property an attractive investment, and the number of super wealthy globally is expected to increase 28% in the next 5 years, albeit at a slower pace than the prior 5 years.