The Great Wealth Transfer

The impending wealth transfer in the United States is projected to total an astonishing $105 trillion over the next 25 years. This figure encapsulates not only the gross domestic product of the entire world but also signifies a significant accumulation of wealth that will be passed down to future generations. Factors contributing to this wealth accumulation include a notable increase in privately held assets and a concentration of wealth among affluent households. More specifically, a growing portion of this inherited wealth will impact the financial status of individuals, as it is estimated that inheritance now comprises at least a quarter of the net worth of the average inheritor.