What if you woke up one day to discover that millions of people had suddenly won the lottery? Perhaps you'd be happy for these lucky recipients. More likely, you, with your ever-shrinking piece of the pie, would be fuming, even furious, at the injustice of it all. Then again, maybe you'd be one of the winners, quietly exhaling in relief. Finally. Some good news.
A lottery win happened yesterday, and it'll happen tomorrow, too. Between now and 2026, an estimated $1 trillion will move from Canadian baby boomers to their heirs, mostly millennials. As older Canadians live longer, even more money will stream down in the coming decades. An Ipsos sur vey found that among Canadian boomers who are planning to leave 100 per cent of their estates to their children, the average inheritance will be about $940,000.
For most people, this is life-changing wealth, enough to pay off the mortgage, to move the kids from public school to private school, to shift their status from renter to homeowner. Some heirs will receive much more-the kind of Porsche-and-penthouse money that they could never earn in their jobs as teachers, accountants, marketing managers. All of this signals an unprecedented economic shift: the greatest transfer of generational wealth in Canadian history, emerging in the form of mass good fortune bestowed upon the demographically lucky. When all the payouts have been made, Canada could look starkly different.
この記事は Maclean's の October 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は Maclean's の October 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
"I escaped Gaza and sent my family to Egypt. Now, my goal is to reunite with them in Canada."
Bombs destroyed my neighbourhood and killed my loved ones. I hope my family and I can find refuge in Quebec.
TIDAL WAVE
Susan Lapides chronicles her family's summers in a tiny New Brunswick fishing town
THE NORTHERN FRONT
In Ontario's hinterlands, a battle is brewing between First Nations, prospectors and the provincial government over a multi-billion-dollar motherlode of metals. Inside the fight for the Ring of Fire.
THE CULTURE WAR IN THE CLASSROOM
Several provincial governments now mandate parental consent for kids to change pronouns in Schools. Who gets to decide a child's gender?
THE JACKPOT GENERATION
Canada is in the midst of the greatest wealth transfer of all time, as some $1 trillion passes from boomers to their millennial kids. How an inheritance-based economy will transform the country.
My Child-Free Choice
For a long time, I wasn't sure whether I wanted to become a parent. The climate crisis clinched my decision.
The Main Event
Calgary's massive, modern, newly expanded BMO Centre is open for business
Embrace the Four-Day Workweek
Canada is facing a national productivity crisis. One counterintuitive solution? Give workers more time off.
Richard Ireland, mayor of Jasper, is ready to rebuild
IT'S TEMPTING TO LEAN on numbers when conveying the scale of the damage wrought by July's fire in Jasper, Albertathe worst in the national park's 117-year history. Water bombers were grounded in the face of 400-foot-high flames. More than 25,000 visitors and residents were evacuated as hundreds of firefighters flew in to assist. Damages exceeded $700 million. A third of the town's structures were consumed-historical buildings, tourist haunts and family homes. One of them belonged to Richard Ireland.
"The Taliban tried to kill me at 16.Eight years later, I am free in Canada."
I ATTENDED A PRIVATE ENGLISH SCHOOL in the Jaghori District of Ghazni province, Afghanistan.
