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All that you need to know: "...their future financial firepower is likely to be a divisive lottery, predominantly determined by inheritance from previous generations...".
The oldest generation is the richest who knew! Everyone gets to be the richest if you live long enough
When someone talk about the "oldest generation" you are part of, but you are 30 year-old

It hurts man, it hurts

This article is hard to understand, and is all over the place - starts out talking about the inheritance that Millennials may someday get, and ends like this:

"Property, financial investments and cars were among the most significant sources of wealth, the Knight Frank study found.

Among smaller items, the report found that the market for secondhand bags had eased, while the fine wine market grew marginally and sales of watches at the three big auction houses totalled £488m in 2023, a slight increase on the year before.

At the high end, Canadian rapper Drake paid $1m for a ring formerly owned by the late Tupac Shakur at Sotheby’s hip-hop auction last July."

Cars, secondhand bags, fine wine and Tupac Shakur's former ring? What the actual h*ll? Did AI write this entire article and go completely off script?

Research done by an estate agent? Come on The Guardian. At least put some effort into vetting your sources for bias.
Then why are there so many memes about millennials still living in their parents' basements?
Maybe because when Elon Musks walks into a room everybody is a billionaire on average ?

Besides what is the use of inheriting at 60 or 70 ?

Parents aren't dead yet to get their stuff. That's where the "wealth" is coming from.
millennials will be rich when... checks notes... boomers stop owning everything? so you're saying boomers are currently the richest generation in history and that won't change until they die?
So Boomers need to die if Millennials are to become rich?

With such reporting and analysis, The Guardian is more likely to die before the Boomers.

Private equity: Not on our watch.

Haven't you wondered why the hospitals, nursing homes and other elder care facilities are all PE owned? Keep the rich ones alive as long as possible, then pull the plug when they run out of money!