Why Gen Y will never reach their parents wealth...

This is especially true for Generation Y (people born in the early 1980’ to early 2000’s) who are struggling to accumulate wealth now and will possibly continue to do so in the decades ahead.

Generation X ( those born between the mid 1960’s to the early 1980’s) are doing marginally better, but they’re also unlikely to reach the lofty financial heights of their baby boomer parents – even after later-in-life inheritances

All this brings up a number of questions:

• Why is Australia experiencing this generational wealth change?
• What is driving so many Generation Y towards a mediocre financial position in life, rather than financial independence or, better yet, financial freedom?
• Why are Generation Y likely to be the first generation in history to be less wealthy than their parents?
• What can these younger generations do to secure their financial futures?