Why Millennials Don't Want Family Heirlooms

The video discusses the significant wealth transfer expected by 2030, with millennials inheriting $68 trillion from baby boomers. Despite this, millennials show little interest in family heirlooms due to changing lifestyles and preferences for minimalism. This generation, known as the IKEA generation, prefers affordable and temporary furniture. Consequently, secondhand stores are overwhelmed with donations. The video also highlights the rise of the senior downsizing industry, which helps manage the belongings of older generations.

What lifestyle choices are millennials prioritizing when looking for a place to live?

How do younger generations view the emotional attachment to heirlooms compared to older generations?

What has been the impact of the pandemic on the supply of secondhand items in thrift stores?