The Growing Generational Wealth Gap

<p>The long-suffering generation of millennials are now set to be significantly poorer than both baby boomers and Gen X'ers.&nbsp;</p> <p>Having entered the workforce during the fallout of the 2008 mortgage crisis and then being hit particularly hard during this current crisis has meant that today millennials only account for 3% of national wealth, where boomers at the same point in their lives accounted for 27%.</p> <p>This trend is more than just another pity party for our fellow latte-sipping millennials. On a wider level, the share of wealth owned by people under the age of 40 has shrunk from 13% to just under 7% over the past 3 decades.&nbsp;</p> <p>Even if we ignore the social issues of younger families having to make do with half that of what their parents did this can have some serious&nbsp;</p> <p>Therefore if this trend continues businesses around the world might start to lose out on their Goldilocks zone of consumer spending.&nbsp;</p> <ul> <li>What is causing this downward pressure on wealth in younger generations?</li> <li>What will this mean for the future growth of nations like the USA?</li> <li>And could this just be a waiting game of wealth, inevitably getting passed down?&nbsp;</li> </ul> <p><br></p>