Opinion: What once were considered emblems of elegant living have been reduced to mere stuff — unwelcome, unwieldy and burdensome stuff that boomers had better…
Remember when Main Street was Vancouver’s antiques row? If you do, you’ll also remember that it was overrun with dining room furniture. Tables, chairs, sideboards, all the things that once made special occasion dinners special. But no one wanted them anymore because no one had a dining room anymore. You might if you lived in a single-family house or a condo fit for Beyoncé, but otherwise one table is all you need because one table is all you have room for.
According to Forbes magazine, the nascent but constantly growing transfer of wealth from boomers to their children and grandchildren could amount to between $30 trillion and $68 trillion US worldwide when it’s over. To say it’s unprecedented is to say “duh.” But what it means is that while millennials don’t have anywhere near the professional advantages their parents and grandparents had, some are lucky enough to have an ace in the hole their forebears didn’t: an inheritance.
What does seem certain, however, is that the “things” — speaking in concrete rather than abstract terms — millennials value won’t be the same things their parents do. No doubt they’ll happily accept the house, the savings, the stocks, the trust funds and, that disdain notwithstanding, the car — especially if it’s a Maserati. But the rest of it … well, that’s for their parents and grandparents to decide.
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