On Course.

Millennials are on course to become the “richest generation in history”.

Expensive coffees and avocado toast aside, researchers predict that the transfer of property wealth ($90 trillion worth of assets in the U.S. alone) in the next 20 years will establish millennials, those born between 1981 and 2000, as the riches generation in history.

Soaring rents, inflation and student have contributed to millennials’ struggles to purchase their own homes or build up their savings. Not to mention, they’ve experienced several economic blows throughout their lifetime. Many millennials inheriting wealth already come from affluent families, which could further widen the gap in inequality. But there is hope. Younger, wealthier individuals are showing more interest in investing their wealth in ways that align with their values, rather than just a financial return.

Liam Bailey, global head of research at Knight Frank, also suggested that 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”.

Curated via @femalequotient