The massive $5.4tn intergenerational asset shift looming over the next two decades is one of the biggest challenges the country faces. What will it mean?
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Kim Day has got word that her mother-in-law is dying. At last. It’s good news for one half of Kath and Kim, the noughties comedy series that delighted international audiences with its satirisation-come-celebration of the comforts, proclivities and aspirations of middle Australia. By series three, Kim (Gina Riley) is struggling; she has a new baby and is living in her mother Kath’s (Jane Turner) house in Fountain Lakes – a mottled-brick, wide-lawned every-suburb. But her mother-in-law on the Gold Coast is rich. She has a luxe flat, stuffed with valuable goods. Kim is gleeful.
As they wait at a bus stop for a tour bus to take them to factory outlets, her “second-best friend”, Sharon (Magda Szubanksi), asks: “So, do you think you’re going to get the penthouse, Kim?”