Simon Kuestenmacher, a Co-Founder and Director at The Demographics Group, believes that the 2030 and 2040s will see the biggest intergenerational transfer of wealth in Australia’s history as baby boomers die off:
While 2041 will mark peak wealth transfer when 107,000 women born before 1963 die, the 2030s and 2040s will be decades characterised by elevated deaths as well – or to make it sound a bit cleaner: the 2030s and 2040s will see elevated levels of generational wealth transfer with the peak occurring in 2041.
This means millennials won’t be inheriting money at scale for another decade…
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Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
