Sunday, February 2, 2020

Boomer wealth transfer

When ever a discussion of the annual deficit comes up, the experts say that the current generation is passing on their debt to their children and that is true. What is not brought up is the transfer of wealth from them to their children. This transfer of wealth from the baby boomers is the largest in history. It is calculated that the boomers will transfer $68 trillion dollars to their children. If social security had been privatized as was suggested many years ago the transfer of wealth would be much higher.

No comments:

Post a Comment