In the U.S. alone, Knight Frank said the shift would see $90 trillion of assets move between generations, "making affluent millennials the richest generation in history."
Related?
Two trends help make millennials seem lazy to their elders
arstechnica.com
... We change how we view work as we age, and society's view of work is also shifting.
Sociologist Martin Schrder, a professor at Saarland University in Saarbrcken, Germany, wanted to find out if some birth cohorts consider work and career more important than others do. Tracking how answers changed over time produced some unexpected results.
Regardless of what generation someone belongs to, the importance of work actually depends on a combination of what year it was and what age that person was at the time of being surveyed. Schrder's findings showed that younger individuals (regardless of what generation they're from) tend to find work less important and that the importance of work has been going down over time.
No matter what they might say about the youth, someone who's now a middle-aged work obsessive would have rated work as less important when asked in their twenties. The importance of work has also decreased over historical time, so attitudes shift as a result, regardless of what birth cohort someone belongs to. ...
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