According to the central bank, those born between 1981 and 1996, better known as Millennials, control only 4.6% of the wealth in the country even though they make up the majority of the workforce, with around 72 million people.
While it is not unusual for younger people to accumulate
I mean, I’d rather have my parents around in my life and my children’s, than have their money.
Sure. I’m just responding to an often reported “fact” that no one should worry that millennials have no wealth, because they will inherit their parents’ wealth. A few will sure (particularly the already wealthy), but many will inherit little to nothing. Wealth concentration will just get worse.