Contrary to long-standing stereotypes, Millennials are on the verge of becoming the wealthiest generation in history, according to the annual Wealth Report from real estate consultancy Knight Frank. Often criticized for their spending habits and accused of financial irresponsibility, Millennials are now positioned to receive substantial assets from the Baby Boomer generation, creating a significant shift in wealth dynamics over the next decade.
Millennials are poised to become the richest generation ever. Phil Hulett explains.
For years, Millennials have been the subject of various stereotypes, with criticisms ranging from perceived laziness to extravagant spending on non-essentials. . .