TLDR Tech / Marketing
The Great $110 Trillion Wealth Transfer Won't Happen Any Time Soon
The “great wealth transfer” is expected to be slow rather than sudden as older Americans live longer and keep accumulating wealth. Americans 55 and older control about $110 trillion, with boomers adding over $1 trillion in wealth in a recent quarter. Bequeathable wealth has risen to 424% of GDP, with 97% of gains driven by households over 55. Much of this wealth is first passed to spouses, while spending on longevity and care reduces what is left for heirs. As a result, Gen X and younger generations will see a gradual transfer instead of a windfall.
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