2min chapter

Animal Spirits Podcast cover image

The Only Game in Town (EP.308)

Animal Spirits Podcast

CHAPTER

The Greatest Wealth Transfering History

In 1989, total family wealth in ASAs was 38 trillion adjusted for inflation. By 2022, wealth had more than tripled to more than 140 trillion. Of the 84 trillion projected to be passed down from older Americans to Millennial and Gen X heirs through 2045, 16 trillion to be transferred the next decade. High net individuals that make up 1.5% of the households are gonna contribute 42% of the transfers through 2045.

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