It makes sense for all parties to discuss ahead of time potential legal issues, as well as tax and estate planning.
All of which makes those intergenerational conversations urgent and essential, says Miller. “These conversations aren’t just about numbers,” she adds. “They’re about sharing the wisdom of past experiences, understanding each other’s perspectives, and addressing the emotions that come with financial decisions.
“It's through these honest discussions that we can bridge the gap between generations, reduce the risks associated with financial illiteracy, and instil a sense of confidence and responsibility.”
Intergenerational England is striving for a society where we do not need reminders to have such conversations. Mutual generational respect and understanding should, it says, be a “central pillar” of society, “essential for creating stronger and more connected communities for the long term”.
“In the end,” says Miller, “this is not just about managing wealth, but about nurturing a mindset that values learning, trust, and connection across generations.
“Engaging in open conversations across age groups can help shift societal attitudes, alleviate these concerns, and ensure that the wisdom of experience guides the financial decisions of the future. It’s about creating a culture where every generation supports the next, fostering a more cohesive and forward-thinking society.”
Peter Taylor-Whiffen is a freelance journalist
