The massive inheritance being passed from Boomers to Millennials

In the next 20 years, almost 250 billion dollars will be transferred from baby boomers to Generations X, Y and Z.

 

We’re joined by Aleks Vickovich, the Wealth Editor at the Australian Financial Review to discuss what it means for the economy – and in particular young Australians hoping to buy their first home.   And with yesterday’s interest rate decision by the Reserve Bank….younger Australians are going to be watching the housing market, hoping prices fall to help them enter the market.

 

So what will the future look like with this massive transfer of wealth about to take place….and what can governments do to help younger Australians make the most of the windfall.

 

Todays Headlines

• Banks start to pass on rate rise
• Emergency meeting called to address energy crisis

• PM to meet with NZ counterpart

• China accuses Australia of “dangerous and provocative” acts

• Biloela family heads home

 

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