Women will be the overwhelming winners from the intergenerational wealth transfer in Australia, receiving 65 per cent of the nearly $5 trillion due to pass from Baby Boomers and their parents to the next generation by 2034, according to a new report by JBWere.

That women live longer than men and are also more likely to gain assets through divorces than in previous generations, are underlying drivers of the phenomenon, along with the so-called “older daughter effect” whereby control of the family finances tends to become the responsibility of the eldest daughter rather than the eldest son.