Economy

“60% of Millennials Will Inherit Nothing From the $93 Trillion Boomer Wealth Transfer, And That Money Is Going Exactly Where You Think”

“After liabilities, retirement spending, taxes, and fees, the $93 trillion headline figure shrinks to just $8 trillion actually spent into the broader economy.

55% of millennials expect an inheritance within five years, but only 22% of boomers plan to leave one. On top of that, most millennial payouts won’t arrive until the 2040s.

Nearly 75% of inheritance flows to households already in the top wealth tier, with just 2% of households capturing 50% of all transfers….”

https://finance.yahoo.com/economy/articles/60-millennials-inherit-nothing-93-140002300.html

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