What are your parents worth? Meet the Jackpot Generation
Description
For decades, it's been the dream that children will grow up to have more opportunities and a better life than their parents did. Not many young people see that as possible anymore. Wealth and income inequality, combined with the affordability and housing crises, have created a world in which a majority of them don't believe they'll be able to own a home.
There are some who are sure that they will, though: The Jackpot Generation, a subset of Millennials and Zoomers who will be on the receiving end of valuable property inheritances, worth far, far more than their parents ever paid for them. That equity gives them a gigantic head start as they move into adulthood or middle age—and it's creating a system that's the opposite of the equality we've been striving for.
GUEST: Katrina Onstad, reporting in Maclean's
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