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The "largest ever" intergenerational wealth transfer is underway in New Zealand, and around the world, as baby boomers begin to pass.
A report from financial advisors, JBWere, estimates that inheritances in New Zealand of around $27 billion in 2024 will grow to a staggering $1.6 trillion by 2050. New Zealand remains near the top, globally, for average household wealth, despite pressing inequality issues and a significant wealth gap between young and old. But this country is behind many others when it comes to leaving charitable bequests.
Kathryn is joined by the author of the JBWere report John McLeod
