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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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Hantavirus-stricken cruise ship arrives at Tenerife in Spain’s Canary Islands

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Hantavirus-stricken cruise ship arrives at Tenerife in Spain’s Canary Islands

TENERIFE, Spain (AP) — A hantavirus-stricken cruise ship with more than 140 people on board has arrived at Tenerife, the largest of Spain’s Canary Islands, off the coast of West Africa, where the passengers and some of the crew are to disembark.

The World Health Organization, Spanish authorities and cruise company Oceanwide Expeditions have said that nobody on board the MV Hondius is currently showing symptoms of the virus. Three people have died since the outbreak, and five passengers who left the ship are infected with hantavirus, which can cause life-threatening illness.

As a hantavirus-stricken cruise ship is set to arrive at Granadilla port in Tenerife, Spain on Sunday morning, the WHO, Spanish authorities and cruise company Oceanwide Expedition are coordinating the disembarkation of passengers and some crew on ground.

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The ship will not dock but will remain at anchor, with people ferried off in small boats. Everyone disembarking will be checked for symptoms, and will only be taken off the ship once evacuation flights are ready to fly them to their destinations.

There are currently people of more than 20 different nationalities on board.

WHO Director-General Tedros Adhanom Ghebreyesus, along with Spain’s health and interior ministers, were to be supervising the evacuation of the ship. Authorities have said the passengers and crew members who will disembark will have no contact with the local population.

Hantavirus usually spreads when people inhale contaminated residue of rodent droppings and isn’t easily transmitted between people. But the Andes virus detected in the cruise ship outbreak may be able to spread between people in rare cases. Symptoms usually show between one and eight weeks after exposure.

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North Korea updates constitution to require automatic nuclear strike if Kim Jong Un is assassinated: report

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North Korea updates constitution to require automatic nuclear strike if Kim Jong Un is assassinated: report

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North Korea has updated its constitution to require a retaliatory nuclear strike if leader Kim Jong Un is assassinated, according to a report.

The Telegraph reported the change comes amid heightened global tensions following the killing of Iran’s Supreme Leader Ali Khamenei and other officials during a recent conflict.

Khamenei was killed in an Israeli strike in Tehran as part of a coordinated U.S.-Israeli military operation earlier this year, Fox News Digital previously reported.

The constitutional revision was approved during a session of North Korea’s Supreme People’s Assembly, which opened March 22 in Pyongyang, the outlet said.

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ISRAEL TARGETS IRAN’S SUPREME LEADER IN SWEEPING STRIKES AS US JOINS ‘OPERATION EPIC FURY’

North Korea launched two cruise missiles and three anti-ship missiles from the destroyer Choe Hyon on Sunday, April 12, 2026, according to North Korean state media. (Korean Central News Agency/Korea News Service/AP)

South Korea’s National Intelligence Service (NIS) briefed senior government officials this week on the update, according to the report.

The revised policy outlines procedures for retaliatory action if North Korea’s leadership is incapacitated or killed.

“If the command-and-control system over the state’s nuclear forces is placed in danger by hostile forces’ attacks … a nuclear strike shall be launched automatically and immediately,” the updated provision states.

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KIM JONG UN CALLS SOUTH KOREA ‘MOST HOSTILE ENEMY,’ SAYS NORTH COULD ‘COMPLETELY DESTROY’ IT

North Korean leader Kim Jong Un delivers a speech at the inauguration ceremony of Saeppyol Street in Pyongyang on Feb. 15, 2026. (KCNA via KNS/AFP)

Reuters previously reported that North Korea revised its constitution to define its territory as bordering South Korea and remove references to reunification, reflecting Kim’s push to formally treat the two Koreas as separate states.

That marked the first time North Korea included a territorial clause in its constitution.

Last month, Kim pledged to further strengthen the country’s nuclear capabilities while maintaining a hard-line stance toward South Korea, which he has called the “most hostile” state.

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Kim Jong Un reportedly observed missile test launches in North Korea on Sunday, April 12, 2026. (Korean Central News Agency/Korea News Service)

Kim has also accused the United States of “state terrorism and aggression,” and signaled North Korea could take a more active role in opposition to Washington amid rising global tensions.

Fox News Digital’s Alex Nitzberg and The Associated Press contributed to this report.

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Iran warns US against attacks on tankers; Israel kills dozens in Lebanon

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Iran warns US against attacks on tankers; Israel kills dozens in Lebanon
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