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The Great 110 Trillion Wealth Transfer Won't Happen Any Time Soon
- fortran77 6mo agoWSJ Gift link: https://www.wsj.com/articles/the-great-110-trillion-wealth-transfer-wont-happen-any-time-soon-e8b2ef31?st=AhRZ3k&reflink=desktopwebshare_permalink https://www.wsj.com/articles/the-great-110-trillion-wealth-t...
- bediger4000 6mo agoThat gift link takes me to an article titled: The Great $110 Trillion Wealth Transfer Won’t Happen Any Time Soon
- jfengel 6mo agoTFA is inconsistent about its age grouping. That $110 trillion doesn't belong to people ages 55-64, who are indeed not going anywhere soon. That money belongs to those 64 and up. And the people born in the actual baby boom (1945-1950) are nearing their 80s. They are already starting to die. It is interesting that that 55-64 age bracket is now the wealthiest. I wonder how much of that is due to them already starting to inherit money. It's also to be expected that they are at the high points of their careers and have the most saved for retirement. The boomers have been spending it down, then dying.