Productivity Commission

With women living longer than men on average, it’s often forgotten that almost half the intergenerational transfer won’t even be intergenerational – it will be horizontal or intra-generational because it will be passed on to spouses.

With Australia in the early stages of a $3.5 trillion wealth transfer, there are significant opportunities for charities to benefit. Luckily for them, a growing number of families agree that their wealth should be more equitably shared.

The Productivity Commission estimated $3.5 trillion will pass on to future generations over the next 25 years, with this report illustrating just how that’s playing out now in families across Australia.

With the Productivity Commission estimating $3.5 trillion will change hands by 2050, there is a pressing need for all the generations to work together to ensure that this windfall legacy is not squandered.