Great Wealth Transfer: $36 trillion from boomers will mostly go to already-wealthy heirs
Baby boomers are expected to pass $36 trillion in wealth to their heirs over the next 20 years in what is called the Great Wealth Transfer. However, a new analysis from Visa Business and Economic Insights indicates that this massive transfer of riches will mostly benefit Gen X and millennial heirs who are already wealthy, rather than spreading wealth more broadly across generations.
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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