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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

INTERGENERATIONAL WEALTH

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.