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Millennials Will Become the ‘Richest Generation in History,’ a New Report Says

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Millennials Will Become the ‘Richest Generation in History,’ a New Report Says

It looks like millennials will be able to buy houses after all. 

Those born between 1980 and 1994 are set to become part of the richest generation in history, according to the latest Wealth Report by U.K. real estate agency Knight Frank. The group can expect a “seismic” windfall over the next two decades, as $90 trillion of assets move between generations in the U.S. alone.

“When the silent generation (born from 1925 to 1945), the baby boomers (1946 to 1964), and the oldest cohort of Generation X (1965 to 1979), die, £2.5 trillion (roughly $3.1 million) in wealth tied up in their homes will be freed up,” the report reads.

In addition to property, the shares, bonds, and assets previous generations have accumulated will go to millennials. This transfer of equity will make the generation wealthier than all their predecessors.

However, many millennials have been affected by the economic headwinds created by the 2007 financial crisis, the pandemic, Brexit, and the invasion of Ukraine. Some are riddled with economic anxiety and need to work multiple jobs to pay bills. As such, any influx of cash would likely be spent on buying homes, paying off student loans, creating a pension pot, and building credit. It is also worth pointing out that inheritance is largely determined by a family’s financial status, e.g. those with rich parents stand to gain the most.

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The massive transfer of wealth could have an equally massive impact on society. Liam Bailey, global head of research at Knight Frank, believes younger generations will actively seek out greener homes, eco-friendly goods, and sustainable investments. Given their track record, he could be right. Millennials and Gen Z are leading the charge in climate change activism, the Pew Research Center reports. Both are talking more about environmental issues than older adults, taking to social media to mobilize and enact change.

It appears the financial shift is already underway, too. Knight Frank’s research found that 75 percent of millennials expect their wealth to increase in 2024, compared to 53 percent in the baby boomer generation, 56 percent in gen X, and 69 percent in the younger gen Z.

The future is looking slightly brighter—for millennials, at least.

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Video: Humpback Whale Stranded Off German Coast Is Freed by Rescuers

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Video: Humpback Whale Stranded Off German Coast Is Freed by Rescuers

new video loaded: Humpback Whale Stranded Off German Coast Is Freed by Rescuers

In a last-ditch effort, rescuers were at last able to free a 40-foot humpback whale that had been stuck in shallow waters near the coast of Germany for four days.

By Axel Boada

March 27, 2026

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Russian man who assaulted woman during Barron Trump FaceTime call sentenced to 4 years

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Russian man who assaulted woman during Barron Trump FaceTime call sentenced to 4 years

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A Russian man convicted of assaulting a woman in London in an attack witnessed by Barron Trump, President Donald Trump’s youngest son, on a video call was sentenced to four years in prison by a London court on Friday. 

Matvei Rumiantsev, 23, an MMA fighter, was convicted by a jury on Jan. 28 of assault with bodily harm but was acquitted of rape and choking charges. He was also convicted of perverting the course of justice stemming from a letter he sent the woman from jail asking her to retract her allegations.

After the assault, Rumiantsev admitted he was jealous of his girlfriend’s friendship with the 19-year-old son of President Donald Trump.

BARRON TRUMP REPORTEDLY SAVED WOMAN’S LIFE AFTER WITNESSING VIOLENT ASSAULT ON FACETIME CALL

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Barron Trump attends inauguration ceremonies in the U.S. Capitol Rotunda on Jan. 20, 2025, in Washington, D.C. (Kevin Lamarque/Pool/Getty Images)

“Your lack of insight and empathy was apparent at trial,” Justice Joel Bennathan said. “You continue to try to blame the complainant for everything that has happened.”

Trump told investigators he had placed a late-night FaceTime call to the woman, whom he had met on social media, and had been startled when the call had been briefly answered by a shirtless man on Jan. 18, 2025.

“That view lasted maybe one second and I was racing with adrenaline,” Barron Trump said. “The camera was then flipped to the victim getting hit while crying, stating something in Russian.”

BARRON TRUMP SPOTTED ON NYU CAMPUS FOR FIRST TIME SINCE INAUGURATION

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Barron Trump looks on ahead of the Presidential Inauguration of Donald Trump at the Rotunda of the U.S. Capitol in Washington, D.C. on Jan. 20, 2025. (KEVIN LAMARQUE/POOL/AFP via Getty Images)

Barron Trump called the police in London.

“It’s really an emergency … I’m calling from the U.S., uh, I just got a call from a girl, you know, she’s getting beat up,” he told an operator. 

Police responded to the address and arrested Rumiantsev, a London-based receptionist.

At his trial at Snaresbrook Crown Court, Rumiantsev was acquitted of rape and choking related to the attack, as well as a separate rape and assault allegation from November 2024.

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His attorney, Sasha Wass, said that Trump wasn’t aware the woman had a boyfriend and questioned how much he could have seen in just a few seconds of video. 

Barron Trump watches as his father, President Donald Trump attends an indoor Presidential Inauguration parade event at Capital One Arena, in Washington, Jan. 20, 2025. (AP Photo/Evan Vucci, File)

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Trump never testified in the case. However, the judge praised him for his quick-thinking actions. 

“Mr, Trump properly and responsibly, despite being in the United States, made sure the emergency services here were called, and he told them what he had seen,” he said.

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The Associated Press contributed to this report. 

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EU Parliament unblocks key political hurdle in digital euro talks

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EU Parliament unblocks key political hurdle in digital euro talks

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EU lawmakers have overcome a key political hurdle in the negotiations of digital euro, making the project closer to approval, according to a draft text seen by Euronews.

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The Parliamentary rapporteurs involved in the legislation have found an agreement on the design of the digital euro, which will be able to function both online and offline.

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The digital euro would be an electronic form of cash issued by the European Central Bank, designed to sit alongside banknotes and the payments services offered by commercial banks.

It has taken on new political weight as economic tensions between the EU and the US sharpen the debate over Europe’s reliance on American payment giants, such as Visa and Mastercard.

Under the European Commission’s proposal, digital euro users would have a wallet for both online and offline payments, with transactions designed so they are not trackable.

The situation in Parliament changed on Wednesday evening, when the centre-right politician Fernando Navarrete, who is the leading rapporteur on the file, announced the withdrawal of his position to reduce the scope of the digital euro to offline use only.

His position blocked the advancement of negotiations for months, jeopardising the whole legislative process, according to three sources familiar with the negotiations.

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The political deadlock has pushed EU leaders to accelerate progress on the digital euro. At the European Council meeting on 19 March, they set a goal to have the digital euro legislation approved by the end of 2026.

With the Council, representing EU countries, having already adopted its position, the European Parliament is now the only institution left to advance the law.

“Thanks to our amendments and firm stance, we have finally broken the political deadlock on the digital euro. The distinction between online and offline has been removed, and it is now established as a single payment system,” Pasquale Tridico, the rapporteur for The Left, told Euronews.

However, lawmakers still need to agree on two key aspects: the “hold limits” and the “compensation.”

The hold limits determine the maximum amount a user can store in a digital euro wallet, while compensation sets out a model for reimbursing commercial banks that provide digital euro services.

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Although negotiations are not yet complete, the text is expected to be voted on in the Parliament’s economy committee before the summer, according to a source familiar with the matter.

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