A massive transfer of wealth is about to occur between generations in Australia. We’re asking readers to share their experience
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Over the coming 20 years Australia will undergo an estimated $5.4tn transfer of wealth from older to younger generations, but it won’t be felt equally across demographics.
It is predicted to further concentrate wealth among the wealthy, and further entrench poverty at the other end. It will put the old truism of “money begets money” into hyperdrive.