Macroeconomics: UK economy, IB Economics

Estate agent Knight Frank have highlighted the fact that today's intergeneration inequality is, eventually, going to favour millennials who are on course for becoming the 'richest generation in history'. 

However, have a think about this; isn't this inevitable, assuming that asset prices are likely to rise over time. I dare say that the generation that follow them are going to be even wealthier. 

The nature of the UK housing market crisis is unpicked in the Observer by Michael Savage, highlighting the inter-generational equity issues. The level of home ownership among millennials is far lower than people of similar age twenty or thirty years ago.