‘Great wealth transfer’ delayed

Tens of trillions of dollars are expected to pass between generations in the next few decades. Much of this activity will only occur when aging relatives die — just 21% of high-net-worth baby boomers said they’d want to transfer their money to the next generation during their lifetime, according to a Charles Schwab survey. For wealthy millennials and Gen Xers, that figure was 53% and 44%, respectively, an indication younger Americans could “reshape legacy planning.”

For more information see Laura Entis “‘Great wealth transfer’ delayed“, LinkedIn News, January 27, 2025.