Transferring Wealth Tsunami

Forbes magazine reported in 2019 that the greatest wealth transfer in our history was underway due to Baby Boomers coming into the retirement years in droves equaling a staggering $30 trillion in wealth to younger generations. This massive amount of wealth being left to next generations is being called the “great wealth transfer.” In no prior time in the history of America has such a vast amount of wealth moved through the hands of generations.

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According to this article, Boomers’ wealth accounted for 70% of all disposable income in 2021. 

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