Posted 3/1/2024, 5:00:00 AM
Millennials Poised to Become Wealthiest Generation As $90 Trillion Transferred from Baby Boomers
- $90 trillion in assets will be transferred from Baby Boomers to younger generations over the next 20 years, making Millennials the wealthiest generation
- This windfall could allow Millennials to pay off debt, afford homes, take career risks, and find more fulfilling work
- Millennials may see their fortunes change almost overnight and gain more financial security
- The inheritance will provide options like early retirement, entrepreneurship, sabbaticals from work
- However, the inherited wealth may not last as long for Millennials when accounting for inflation and high costs