Why the generation born between 1980 and 2000 could become “the richest in history” ?

Les personnes nées entre le début des années 1980 et la fin des années 1990 devraient devenir riches. Unsplash – Alexander Grey

According to the latest wealth report from Knight Frank, nearly $90,000 billion in real estate assets should (soon) fall into the pockets of people born between 1980 and 2000. Explanations.

Millennials, or Generation Y, are on the verge of becoming "the richest generation in history". Even though the 2024 edition of the wealth report of the British real estate agency Knight Frank has not yet been published in full, the Anglo-Saxon press massively relayed the information through a note.

90 trillion dollars

Knight Frank experts outline in this note: "Over the next decade, a massive transfer of wealth and assets will occur to as the silent generation (1920s to 1940s) and baby boomers (1945 to 1960s) will pass the baton to millennials (1980s-1990s)", indicates Actu.fr.

Thus, in the United States, nearly 90,000 billion dollars should circulate between generations, "making wealthy generation Y the generation richest in history. A sum that should shake up economic prospects.

How will this money be used ?

"The difference in perspectives between younger and older generations will result in a substantial re-evaluation of marketing strategies for anyone wishing to sell products or services to this group newly rich », analyzes this annual wealth report before adding: "this transfer occurs in a context of seismic changes in the way assets are used".