{"id":185129,"date":"2024-03-15T02:22:28","date_gmt":"2024-03-15T07:22:28","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2024\/03\/millennials-are-about-to-become-the-richest-generation-in-history-thanks-to-90-trillion-wealth-transfer-according-to-new-report"},"modified":"2024-03-15T02:22:28","modified_gmt":"2024-03-15T07:22:28","slug":"millennials-are-about-to-become-the-richest-generation-in-history-thanks-to-90-trillion-wealth-transfer-according-to-new-report","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2024\/03\/millennials-are-about-to-become-the-richest-generation-in-history-thanks-to-90-trillion-wealth-transfer-according-to-new-report","title":{"rendered":"Millennials are about to become the \u2018richest generation in history\u2019 thanks to $90 trillion wealth transfer, according to new report"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/millennials-are-about-to-become-the-richest-generation-in-history-thanks-to-90-trillion-wealth-transfer-according-to-new-report.jpg\"><\/a><\/p>\n<p>\u201cThere is evidence that the youth of today blame the generations before them for the challenges that they and the planet face today,\u201d said Mike Pickett, director of London-based Cazenove Capital, in the report.<\/p>\n<p>The property broker added that housing will continue to be a <a href=\"https:\/\/fortune.com\/2023\/12\/04\/millennials-homeownership-housing-obsessed-boomers-bank-of-america\/#\" target=\"_self\" rel=\"\" class=\"\">focus of spending for the next generation<\/a>, as those born between 1981 and 1996 may have <a href=\"https:\/\/fortune.com\/2024\/02\/08\/zillow-rooms-for-rent-housing-affordability\/\" target=\"_self\" rel=\"\" class=\"\">struggled to get on the housing ladder<\/a> thus far. Even at the highest end of the income ladder, growing a property portfolio is a key concern among those born between 1981 and 1996.<\/p>\n<p>The study shows 23% of female ultra-high-net-worth individuals (UHNWI, valued at $30 million or above) are considering buying a home in 2024, with 21% of male UHNWI expecting to make a similar purchase this year. Wealthy Gen Zers feel the same, with 20% of those born from the mid-1990s to the early 2000s planning an acquisition.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cThere is evidence that the youth of today blame the generations before them for the challenges that they and the planet face today,\u201d said Mike Pickett, director of London-based Cazenove Capital, in the report. The property broker added that housing will continue to be a focus of spending for the next generation, as those born [\u2026]<\/p>\n","protected":false},"author":556,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":["post-185129","post","type-post","status-publish","format-standard","hentry","category-habitats"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/185129","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/556"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=185129"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/185129\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=185129"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=185129"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=185129"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}