Locator: 49420WEALTH.
From AI:
The "Great Wealth Transfer" is estimated to involve tens of trillions of dollars, with figures ranging from $84 trillion to over $124 trillion. This massive amount is expected to be passed from older generations, primarily Baby Boomers, to younger generations like Gen X and Millennials over the next few decades.
While many sources cite the $84 trillion figure, others predict the total could be higher, with one estimate projecting over $100 trillion.
- $84 trillion: A frequently cited estimate for the total wealth transfer over the next two decades, according to Comerica Bank, Bankrate, and Citizens Bank.
- $85 trillion: Another estimate for the amount to be passed down from Baby Boomers and the Silent Generation to Gen X and Millennials.
- $124 trillion: A higher-end estimate for the total intergenerational wealth transfer over the next two decades, as reported by ASPPA, U.S. Bank, and Alkami Technology.
- Over $100 trillion: A more recent estimate from CNBC and Investments & Wealth Institute.
Two links:
Fortune, link here:
Merrill Lynch, link here.
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