The charmed generation: the last of the lucky ones

The ‘charmed generation’ refers to a group of wealthy older people who are retired or close to retirement, that was the focus of a 2005 article in Market Leader by Dick Stroud.

The charmed generation: the last of the lucky ones

Dick Stroud

The Charmed generation are a cohort of older people who have benefited from the combination of factors that has enabled them to achieve levels of prosperity that is unlikely to be experienced by their children or grandchildren. The reason for their good fortune is explained by the 4Ps: pensions, property, parents and prudence. Not to be confused with marketing's 4Ps!

Pensions

Most of this generation receive, or will receive, a defined benefit pension that is unaffected by changes to the stock, bond, currency or any other market. Recipients receive...

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