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Analyzing the growing role of real estate in intergenerational wealth
About $124 trillion in real estate wealth will transfer from Baby Boomers to younger generations by 2048, with over half coming from the top 2% of households, analysts say.
- A Cerulli report projects about $124 trillion will transfer in the United States to Gen Xers and Millennials by 2048, mainly via family-held real estate.
- Baby Boomers hold about 41% of older Americans' property, and longer lifespans plus U.S. life expectancy of 78.4 and private nursing home costs over $100,000 annually often force sales or channel wealth to healthcare.
- Law firms report inherited properties often have multiple owners after disputes, prompting partition trials and requiring legal counsel that delays divestment for years.
- The transfer will likely widen the wealth gap over 20 years, as those without property-owning parents face a 'double penalty' while 'Heirs' may not receive the expected boost.
- Economists say the transfer will act like a rising tide versus sudden crash, with inventory shortages absorbing listings, but not all wealth will reach heirs or the broader economy.
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24 Articles
Helena Independent Record+23 Reposted by 23 other sources
Analyzing the growing role of real estate in intergenerational wealth
Underwood Law reports on the $124 trillion intergenerational wealth transfer, primarily tied to real estate, highlighting potential economic effects and challenges.
·Helena, United States
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Total News Sources24
Leaning Left1Leaning Right2Center16Last UpdatedBias Distribution84% Center
Bias Distribution
- 84% of the sources are Center
84% Center
C 84%
11%
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