The Great Wealth Transfer: Will it divide millennials?

财富大转移:它是否会分裂千禧一代?

The Global Story

新闻

2025-03-26

23 分钟
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单集简介 ...

The baby boomer generation has become the richest in history. In recent years there has been some degree of animosity between the boomer generation and their younger millennial counterparts. The millennial generation have been much less well off than their parents and are often stereotyped as living beyond their means. But this could all be about to change. Now younger people are expected to inherit billions from their parents. It’s expected to be the largest transfer of wealth in human history. But that won’t be shared out equally… So, what are the social and economic implications of The Great Wealth Transfer? Lucy Hockings speaks with BBC business correspondent Erin Delmore and the BBC's population correspondent Stephanie Hegarty. They discuss what The Great Wealth Transfer could mean for the millennial generation. Producers: Richard Moran, Eleanor Sly and Alice Aylett Roberts Sound engineer: Ricardo McCarthy Assistant editors: Richard Fenton-Smith and Sergi Forcada Freixas Senior news editor: China Collins
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  • Hello, I'm Lucy Hawkings from the BBC World Service.

  • This is the global story today.

  • Who will be the winners and losers in the great wealth transfer?

  • In recent years, there's been a similar simmering frustration,

  • a bubbling tension between the generations.

  • The average age of this 52nd parliament is 49 years old.

  • Okay, Burma.

  • Latching onto stereotypes, sections of the media have portrayed millennials as entitled,

  • whingeing and living beyond their means.

  • The problem with the youth of today is they would have bought a house by now

  • if they'd only stop sipping the flat whites and buying the avocado on toast.

  • Right.

  • Millennials should stop buying avocado toast if.

  • They want to buy a home.

  • Money.

  • Ugh.

  • It's tough.

  • Young people, we're told, see boomers as out of touch, property owning elites.

  • The generation below you and the one below that has had it much more difficult than your own.

  • No, I don't believe that.