Article Image

News Link • Millenial Generation

Millennials are set to inherit tons of their parents' stuff - whether they want it or not

• CBC

You might have heard of the so-called trillion-dollar wealth transfer. That's the estimated amount that baby boomers will pass down to their heirs — mostly their millennial children — over the next two years.

It's expected to be the largest intergenerational passing-down of wealth in Canadian history.

But not all of the wealth is delivered by cheque: it also takes the form of the massive collections of stuff that boomers have accumulated over their lives, from furniture to collectibles, tools and tchotchkes.