Over the next 10 years in Australia $5 trillion is expected to move down the generations, with around $2.3 trillion to be given to Boomers’ children, $1 trillion to their grandkids, and $1.7 trillion to charities.
The bank of mum and dad is somewhere between the 5th and 9th biggest lender according to the Productivity Commission.
In this episode of the Briefing Sacha Barbour Gatt is joined by Compare the Market’s Economic Director David Koch to explain what impact this will have on the economy.
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