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Millennials to become richest generation in history

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. 

Catherine Falls Commercial | Moment | Getty Images

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.

The annual Wealth Report, which will be released publicly in its detailed format next week, examines the latest trends in property and economics across the globe.

Read More: Millennials to become richest generation in history

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