$83.5 trillion wealth transfer begins as heirs prepare to spend inherited fortunes differently
By
Lee Ying Shan
Summary
The largest intergenerational wealth transfer in history is underway, with an estimated $83.5 trillion expected to pass from baby boomers and older entrepreneurs to their children and grandchildren over the next two decades, according to UBS. Billionaire families alone are projected to transfer about $6.9 trillion by 2040. The article examines how heirs are preparing to use this inherited wealth very differently from the generations that built it, signaling a shift in spending priorities and investment approaches among the next generation of wealthy individuals.
Source
bsky$83.5 trillion wealth transfer begins as heirs prepare to spend inherited fortunes differentlycnbc.comKey quotes
· 3 pulledThe world is entering a historic intergenerational wealth transfer.
Over the next two decades, an estimated $83.5 trillion is expected to pass from baby boomers and older entrepreneurs to their children and grandchildren.
Billionaire families alone are expected to transfer about $6.9 trillion by 2040.
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