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$36 trillion Great Wealth Transfer from boomers will mostly benefit already-wealthy heirs, analysis finds

Baby boomers are expected to pass $36 trillion in wealth to their heirs over the next two decades in what's called the Great Wealth Transfer. However, a Visa Business and Economic Insights analysis indicates that most of this inheritance will go to Gen X and millennial heirs who are already wealthy, rather than spreading wealth more broadly across generations.

Rachel Lerman12h ago1 min readenNews

finance business

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Key quotes

Baby boomers are set to pass trillions of dollars on to their heirs in the next two decades

the huge transfer of riches will mostly benefit Gen X and millennial heirs who are already wealthy

Often called the Great Wealth Transfer, the inheritances are expected to be the largest passage of generational wealth in history

From the article

Often called the Great Wealth Transfer, the inheritances are expected to be the largest passage of generational wealth in history.

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