Millennials will pay taxes on the Great Wealth Transfer—and the cut is staggering. Here’s exactly how much they owe

Millennials will pay taxes on the Great Wealth Transfer—and the cut is staggering. Here’s exactly how much they owe

It’s been called the greatest transfer of wealth in history: Baby boomers, now aged 62-80 (born between 1946 and 1964), are estimated to hold at least $93 trillion in assets, and are sitting on more money than Gen X and millennials combined. Said another way, the entire GDP of the United States was about $31 trillion in 2025—Boomers’ have three times that. But as they reach the end of their lives, the big question is where will all that money go…

Wealth Transfer Will Boost Richest Families Most

The expected “great wealth transfer”— with $93 trillion in assets changing hands—may be less dramatic than headline figures suggest.

The Giant Wealth Transfer That No One Is Talking About? Widows' Inheritances

A new report finds $54 trillion will pass to surviving spouses, but inheritance doesn't always mean financial security.

Boomers Hold $93 Trillion in Assets—but Their Heirs May Get Less Than Half

Baby boomers hold roughly $93 trillion in assets, but only $36 trillion could reach Gen X and millennial heirs over the next 20 years, according to new data. The estimate, released last week by Visa Business and Economic Insights, is far below Cerulli Associates’ widely cited projection that as much as $124 trillion could change hands through 2048. The gulf between the headline figures offers a sobering picture of the Great Wealth Transfer and e…