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Forget boomers v millennials, the next conflict is among millennials themselves
Growing wealth inequality between 30-somethings could soon displace tensions between young and old.
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In Britain and US alike, the average millennial had accumulated less wealth in real terms by their mid-30s than the average boomer at the same age.
PHOTO: AFP
John Burn-Murdoch
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When millennials first emerged, blinking, into the adult world in the 2010s, they quickly bonded over shared adversity. First scarred by a rocky labour market in the aftermath of the financial crisis, they then realised that a decade of hard work and careful saving would no longer translate into home ownership as it had done for their parents.
It was a grim decade, but at least they had one another and were united against a common foe in the shape of the wealthy, home-owning baby boomer generation.
