Around the world, many nations are preparing for the largest ever wealth transfer in history. In Australia, it is estimated around $3.5 trillion in assets will be passed on to future generations by 2050.*
So how will this intergenerational wealth transfer impact the Australian economy and society at large?
Find out in our third and final instalment of Louise Watson's interview with demographer Simon Kuestenmacher.
They discuss:
- How and when wealth will transfer from baby boomers to future generations
- The changing face of retirement
- The impact it will have on the housing market
- The social and ethical considerations of “the bank of mum and dad"
*Australian Government Productivity Commission 2021 report "Wealth transfers and their economic effects"