US EditionThe Myth of the Great Legacy: Why Your Children Will Never Be Rich
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The undersides of the largest transfer of history The "great transfer" benefits the already rich: the Ultra-HNWI (1% of the wealthy) capture 34% of the 84 000 billion, while 90% of Americans have a median legacy close to zero. The baby boomers spend their fortunes on their lives: between 19% and 55% do not plan to leave a legacy, preferring the philosophy "Die with Zero" and benefit from their retirement. The big companies are the real winners: …
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