Wealth Transfer depends on various factors, such as the amount of wealth transferred, the timing of the transfer, the distribution of the transfer, and the impact of the transfer on the economy and society. According to some sources, boomers are expected to pass over $68 trillion to their heirs, mainly Gen Z’s and Millennials, by 2030. This could potentially reduce the wealth gap between the generations and provide more opportunities for the younger cohorts to invest, save, or spend. However, some experts also warn that the wealth transfer may not be as large or as beneficial as expected, due to factors such as inflation, taxes, health care costs, financial insecurity, and changing views on inheritance.  Moreover, the wealth transfer may also worsen the overall wealth inequality in the society, as the inherited wealth may be concentrated among a few beneficiaries or increase the disparities between different groups. Therefore, the effect of the boomers wealth transfer on Gen Z’s and Millennials may not be clear-cut or uniform, and may depend on how the wealth is created, distributed, and used

https://www.newsweek.com/boomers-millennials-transfer-wealth-future-1795099                                                                                                                                       https://finance.yahoo.com/news/wealth-transfer-boomers-wont-save-133000421

Tik4tat Research Team