Locator: 48683WEALTH.
July 12, 2025: link here. The numbers keep increasing.
Members of the so-called forgotten generation -- Generation X — now aged 45 to 60 — stand to receive $1.4 trillion annually over the next decade, according to a new report from Cerulli Associates, as their baby boomer parents get older and die. Mostly just a paid advertisement for financial services disguised as a financial news story.
July 1, 2025: the important thing to note here: the amount of money to be passed to the next generations in the US has long been stated to be $84 trillion. Somewhere along the way that was updated to $124 trillion.
- Merrill Lynch impact: linked July 1, 2025; undated; will probably disappear over time.
- MarketPulse: linked July 1, 2025; dated June 28, 2025; will probably disappear over time.
- MarketPulse, Bezos: linked July 1, 2025; ; dated June 28, 2025; will probably disappear over time.
- Gloom and doom always around the corner: PowerLine, June 30, 2025; link here.
Updates
May 25, 2025: the data below has been posted before. But -- and this is much more important -- we are just entering the sixth industrial revolution.
And with that, here's the update as of today, ChatGPT: $124 trillion will be passed down by 2048, primarily from Baby Boomers (99%) and the Silent Generation (1%) to their heirs.
This unprecedented shift is reshaping financial planning. Most of this $148 trillion will go to women: wives and daughters and granddaughter and great-granddaughters.
And folks are worried about the national debt? LOL. Democratic administrations will tax the heck out of this. First to be taxed: Roth IRAs. Next? For top earners, the end of social security as "they" know it. And finally,
Original Post
Inter-generational wealth transfer. Liz Ann Sonders. A recurrent theme on the blog. Link here. Demographics. Wealth transfer.
- $84 trillion
- over next twenty years
- largest share, $30 trillion to Gen X
OFR MMFs (my favorite chart): link here.
From OpenGPT:
The United States is currently undergoing the largest intergenerational wealth transfer in history, with an estimated $84 trillion expected to pass from Baby Boomers and the Silent Generation to their heirs by 2045. Notably, women are poised to inherit a significant portion of this wealth, marking a substantial shift in financial dynamics.
Several factors contribute to this trend:
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Longer Life Expectancy: Women tend to outlive men, resulting in many inheriting assets from spouses before passing them on to the next generation.
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Changing Family Dynamics: Increased divorce rates and evolving family structures have led to more women independently managing and inheriting wealth.
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Educational and Professional Advances: Younger generations of women are attaining higher education levels and entering the workforce in greater numbers, enhancing their financial literacy and earning potential.
Updates
December 8, 2024: within hours after posting the orinal note, Carl posted this note on Bluesky:
Social media comments (aka nattering nabobs of negativity) suggest some / many folks don't realize this is already occurring and will continue to snowball. Less important: a single curve. More important: the sum of the three (four?) curves). A fifth curve will start by 2048.
Simple arithmetic: 46 + 15 + 39 = $100 trillion.
Note: most folks will fixate on the yellow line after 2040. But importantly, right now, the yellow line is around $750 billion, or rounding to $1 trillion. To put that in perspective, MMFs are holding about $7 trillion. MMFs become a "holding tank" while heirs decide what to do with their cash inheritance.
The yellow line in 2048, will consist of only six people (mostly Democrats):
- Keith Richards
- Nancy Pelosi
- Warren Buffett
- Cher
- George Soros
- Joe Biden
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The Book Page
Three books from Half-Price Books today; 20% off for Memorial Day.
From the jacket, God Save Texas:
GodSave Texas is a journey through the most controversial state in America. It is a red state, but the cities are blue and among the most diverse in the nation. Oil is still king, but Texas now leads California in technology exports. Low taxes and minimal regulation have produced extraordinary growth, but also striking income disparities. Texas looks a lot like the America that Donald Trump wants to create.
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The Lego Page
