US EditionI just came into unexpected wealth - how do I balance enjoying it today and securing my future?
2 Articles
2 Articles
I just came into unexpected wealth - how do I balance enjoying it today and securing my future?
More wealth is going to trickle steadily from the hands of older generations (Baby Boomers and those in the Silent Generation) to younger ones (most notably Millennials) over the next few years and decades. That means huge financial windfalls are bound to fall into the hands of folks who may have no idea how to save, invest, or stick with a budget. Indeed, the worst thing one can do with an inheritance is to blow it on goods that one probably st…
Millennials are set to become the richest generation on record thanks to the $84 trillion Great Wealth Transfer from their baby boomer parents and grandparents
In addition to heartwarming family lore and sentimental trinkets, older generations are set to pass down a staggering amount of financial value over the coming decades in the largest wealth transfer in history. People born before 1964—baby boomers and the pre-WWII babies known as the silent generation—hold 64% of the nation’s $190 trillion of wealth, per the Federal Reserve. And they are expected to leave behind $84 trillion to their descendants…
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