Boomers’ massive wealth will mostly be passed down to people who are already rich

Boomers’ massive wealth will mostly be passed down to people who are already rich

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

Boomers to Pass Down $36 Trillion, Visa Says

The largest intergenerational transfer of wealth in U.S. history is expected to transfer trillions of dollars to Generation X and millennial heirs over the next two decades, but most of the money will go to families that are already among the nation's wealthiest, according to ...

Wealth is going 'woke,' says UBS—rich people are increasingly younger, female and openly queer thanks to the Great Wealth Transfer

The new face of wealth has some ideas about how they want their money to work for wider society.

Visa Research: The Great Wealth Transfer Is Already Reshaping How Americans Spend

SAN FRANCISCO--(BUSINESS WIRE)--New research from Visa Business and Economic Insights (VBEI) finds that the great wealth transfer is already influencing major financial decisions, from home purchases to travel and long-term saving. The research estimates that approximately $36 trillion will transfer from baby boomers to Gen X and millennial households over the next 20 years. The findings also show that most of this wealth will flow to households…

The $124 trillion Boomer wealth transfer could change crypto forever

The next leg of crypto adoption may already be taking shape in estate planning offices instead of on trading floors or in congressional hearing rooms. Analysts have spent a decade modeling adoption through ETF approvals, halving cycles, interest rates, and regulatory milestones. But one of the most powerful forces reshaping demand for digital assets is demographic, slow, and already underway. Over the next two decades, Cerulli Associates project…