Thursday, November 7, 2019

Wealth transfer

Some younger people complain that they must pay into social security believing they will never receive any benefits as they see SS going broke. As the baby boomers die off over the next 25 years it will be the greatest transfer of wealth from one generation to the next in the history of the world. Over the next 25 years, according to a report from research firm Cerulli Associates, 45 million U.S. households will pass a mind-boggling $68 trillion to their children — the biggest generational wealth transfer ever.

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