An entire generation at risk of financial abuse as $5.4 trillion wealth transfer looms

Baby Boomers and the Silent Generation are being pressured to hand over their fortunes in a disturbing new shift.

Published: 21 August 2025
  • national
  • 21 August 2025
  • Yahoo Finance

Older Australians are suffering financial abuse inflicted by their own children and grandchildren, who are hungry to get their hands on an early inheritance.

Giving money away to family members before death has gained traction as younger generations struggle with the cost-of-living and housing crisis.

Those unable to make ends meet or get onto the property ladder have been gifted tens or even hundreds of thousands of dollars.

But Advocare, a not-for-profit organisation based in Western Australia, has seen a shift from gifting, into expectation, and sadly to a demand.

Advocare specialist financial advocate David Thompson told Yahoo Finance that inheritance impatience has become a growing issue for Baby Boomers and the Silent Generation.