Whether you're just starting out, deep in your wealth-building years, or nearing retirement, it's only natural to wonder: "How do I stack up compared to others?"

In today's show, Simon Kuestenmacher and I look into the fascinating – and sometimes uncomfortable world of generational wealth.

We discuss the current financial landscape, highlighting the wealth distribution among baby boomers, Gen X, millennials, and Gen Z.

Our conversation delves into the challenges faced by each generation, the impact of intergenerational wealth transfer, and the importance of strategic financial planning.

So if you're interested in whether you're on the right track financially – whether you're ahead of the average, or still catching up – stay tuned. This conversation might be the benchmark you've been looking for.

Takeaways

· Money only solves money problems, not all life problems.

· Wealth is built over decades, not overnight.

· Averages can be misleading; individual circumstances vary widely.

· Property remains a key asset for wealth accumulation in Australia.

· Generational wealth transfer is significant, especially from baby boomers to millennials.

· Millennials face unique challenges in the current economic landscape.

· Gen Z is just starting their financial journey with high debt levels.

· Financial strategies should be deliberate and well-planned.

· Relationships and health are crucial components of true wealth.

· Understanding demographic trends can inform better financial decisions.

Links and Resources:

Answer this week's trivia question here - https://www.propertytrivia.com.au/

· Win a hard copy of How To Grow A Multi-Million Dollar Property Portfolio - in your spare time.

· Every entry receives a copy of a fully updated Michael Yardney Property Report.

Join Simon Kuestenmacher and Michael Yardney, plus a team of experts, at Wealth Retreat 2026 on the Gold Coast in May. Find out more about it here and register your interest www.wealthretreat.com.au It's Australia's premier event for successful investors and business people.

Michael Yardney

Get the team at Metropole to create a Strategic Wealth plan for your needs. Click here and have a chat with us

Simon Kuestenmacher: Australia's leading demographer and partner in the Demographics Group

Get a bundle of eBooks and Reports at: www.PodcastBonus.com.au

Also, please subscribe to my other podcast Demographics Decoded with Simon Kuestenmacher – just look for Demographics Decoded wherever you are listening to this podcast and subscribe so each week we can unveil the trends shaping your future.

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