Wealth transfer

The news regularly reports that we are leaving $24 trillion in debt to our children but they rarely report that the baby boomers will be passing on $68 trillion in the largest generational gift in history. This is from CNBC The biggest wealth transfer in history is about to happen — and it’s now expected to be more than double what many thought it was. It’s estimated that 45 million U.S. households will transfer $68 trillion in wealth over the next 25 years, according to Asher Cheses, a research analyst and lead author of a new report from financial services research firm Cerulli Associates.