For the past decade they have been portrayed as a generation without hope. However, the future for millennials — for so long pilloried by their elders as the “avocado generation” who can’t afford to buy homes and so fritter away money on takeaway coffees — looks decidedly brighter.
A new report said a “massive transfer of wealth and assets” in the next two decades will finally propel millennials, who are defined as being born roughly between 1980 and 1994, from being the have-nots into the “richest generation in history”.
This huge transfer will occur as wealth is passed after death from the last of the property-equity-rich generations: the silent generation (born from 1925 to 1945), the baby boomers (1946-1964), and the oldest cohort of Generation