Intergenerational Wealth Report

How Australians across generations invest, spend and save

By 2050, Baby Boomers are set to pass on an estimated $224 billion each year in inheritances to Millennials and Gen Z [1]. And while our research shows Millennials and Gen Z feel confident about financial management, it also shows they spend money for today, pursue riskier investments, and most have below $79,999 in a superannuation balance despite believing they need $1 million to retire comfortably.

Learn how Australians across generations invest, spend and save with our Intergenerational Wealth Report.

[1] Baby Boomers to pass on $224b a year by 2050, Australian Financial Review, 7 December 2021

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How Australians are managing their money.

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How Australians are spending and investing.

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How your financial habits compare to others in your generation.

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How Australians are engaging with financial advisors.

How ready is the next generation to handle the intergenerational wealth transfer?

Are they prepared to take on this responsibility? Could the expectation of an inheritance be providing a false sense of security among the next generation?

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Spending by generation.

When it comes to smart spending and investing, which generation does it better? While you’re not expected to know everything a financial advisor does, it makes sense to gain insight into different spending habits to see how you compare.

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