A huge wealth transfer means millennials are poised to become 'the richest generation in history'

A wealth transfer over the next decade or so will likely make millennials 'the richest generation in history,' according to a new report.

A huge transfer of wealth will likely make millennials "the richest generation in history," according to a new report.

Soaring rents, rising inflation and student debt are among some of the reasons millennials have struggled to purchase their own homes or build up their savings.A gigantic wealth transfer over roughly the next decade will likely make millennials "the richest generation in history," according to a report from global real estate consultancy Knight Frank.

It comes at a time when research has shown that many millennials and Gen Z adults are having a tough timeSoaring rents, rising inflation and student debt have contributed to millennials' struggles to purchase their own homes or build up their savings. For several years, however, these conditions have fueled a narrative that millennials are

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