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Baby boomers are the wealthiest generation to have ever lived, a new report from Allianz has found, courtesy of affordable housing and strong equity markets providing huge returns on savings.
However, as the next 10 years unfold, wealth will be passed to younger generations, leading analysts to predict that millennials will become the "wealthiest generation in history."
Gen Z — those born between 1997 and 2012 — will soon become the wealthiest generation ever, according to a recent report. The "Spend Z" report from NielsenIQ projects that Gen Z will have the ...
[1] [2] Baby boomers and the silent generation will bequest a total of $84.4 trillion in assets through to 2045, with $72.6 trillion going directly to heirs. [1] [3] The transfer of wealth from baby boomers will account for $53 trillion or 63% of all transfers, while the Silent Generation will hand down $15.8 trillion. [3]
Various lists of the richest families (excluding royal families or autocratic ruling dynasties) are published internationally, by Forbes [1] ...
The American upper class is seen by some as simply being composed of the wealthiest individuals and families in the country. The American upper class can be broken down into two groups: people of substantial means with a history of family wealth going back a century or more (called " old money ") and families who have acquired their wealth more ...
As a boomer himself, he acknowledged that his generation has been lucky. Data supports that claim, with reports showing that baby boomers are likely the wealthiest generation that has ever lived.
Upper class in modern societies is the social class composed of people who hold the highest social status, usually are the wealthiest members of class society, and wield the greatest political power. [1] According to this view, the upper class is generally distinguished by immense wealth which is passed on from generation to generation. [2]