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Major ‘Wealth Transfer’ Expected as Boomers Age: StatCan

Summary by The Epoch Times

Canadians are expected to see one of the biggest wealth transfers in history as older homeowners bestow gifts and inheritances on their heirs, according to a recent Statistics Canada report. “A looming wave of interfamilial wealth transfers is set to occur as baby boomers age,” a March 26 Statistics Canada report said, as first reported by Blacklock’s Reporter. Gifts and inheritances are one of the key ways for younger Canadians to obtain homeow…

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Major ‘Wealth Transfer’ Expected as Boomers Age: StatCan

3 days ago·New York, United States

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BizToc

What if the wealth never actually transfers?

Some members of generations anticipating a windfall from their parents and grandparents to pass are likely to only inherit disappointment. That’s because those holding the largest portion of the wealth are choosing to enjoy it now rather than pass it along. Worries about not having enough money to…

3 days ago

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Stacker News

Does Extreme Wealth Change People? \ stacker news ~AskSN

I've been dogsitting/house-sitting for some friends (a couple in their late 50s) this week. They're wonderful people and we get along well, though their combined net worth is easily like 100x mine (so, technically 50... cuz there's two of them!) Relevant because their house is in-sane. ... and it's remarkably how little it affects me. This is just not what I value, not what makes a dent in my life or mental state. It was pretty shocking to me ho…

3 days ago

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The Daily Hodl

One Demographic Group Primed To Amass $74,000,000,000,000, Becoming Richest Generation in a Decade, Says US Bank - The Daily Hodl

An emerging socio-demographic group is on course to become the most affluent generation by 2035, according to a new study by Bank of America’s research arm. Bank of America Global Research says that Generation Z (those born roughly between 1997 to 2012) will become the “largest and richest generation by approximately 2035.” A large part of the growth in wealth will occur over the coming years. Between 2023 and 2040, Gen Z’s wealth is projected t…

3 days ago

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DailyTruthReport

+2 Reposted by 2 other sources

One Demographic Group Primed To Amass $74,000,000,000,000, Becoming Richest Generation in a Decade, Says US Bank

An emerging socio-demographic group is on course to become the most affluent generation by 2035, according to a new study by Bank of America’s research arm. Bank of America Global Research says that Generation Z (those born roughly between 1997 to 2012) will become the “largest and richest generation by approximately 2035.” A large part... The post One Demographic Group Primed To Amass $74,000,000,000,000, Becoming Richest Generation in a Decade…

3 days ago

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