What happens when Australia’s Boomers hand $5 trillion to their heirs

This week on The Fin podcast, wealth reporter Lucy Dean and wealth editor Joanna Mather explain what’s happening in the great wealth transfer and how it will shape the economy, politics and intergenerational rivalry. This podcast is sponsored by AICD Further reading: Forget Boomers. Millennials, your next landlord could be a best mate For decades, Millennials and Generation Z have blamed Baby Boomers for locking them out of the housing market. But what happens when wealthy Boomers start to give their kids cash? Women overwhelming winners in $5trn Baby Boomer wealth transfer Women will receive 65 per cent of the nearly $5 trillion due to pass from Baby Boomers and their parents to the next generation in the next decade, a new report finds. Not just cruises: Boomers direct spending to kids and grandkids Financial advisors report many over-65s are helping family members rather than splurging – though travel is a thing.See omnystudio.com/listener for privacy information.