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$105,000,000,000,000 To Be Handed Down As Great Wealth Transfer Enters Full Swing – And One Generation Will Benefit More in the Short Term: Report | CTKS News

$105,000,000,000,000 To Be Handed Down As Great Wealth Transfer Enters Full Swing – And One Generation Will Benefit More in the Short Term: Report

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More than $100 trillion {dollars} will probably be handed all the way down to heirs over the subsequent couple of a long time as the tempo of the Great Wealth Transfer accelerates, in keeping with a brand new report.

The analysis agency Cerulli Associates says $105 trillion will probably be handed on to heirs by 2048, whereas charities will obtain $18 trillion over the similar interval.

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Baby Boomers, the Silent Generation and different older generations will probably be the main benefactors.

“Nearly $100 trillion will probably be transferred from Baby Boomers and older generations, representing 81% of all transfers.

More than 50% of the general complete quantity of transfers ($62 trillion) is predicted to return from those that are at present high-net-worth (HNW) and ultra-high-net-worth (UHNW), which collectively make up solely 2% of all households.”

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Over the brief time period, era X will profit greater than Millennials from the Great Wealth Transfer.

“Millennials will be inheriting the most of any generation over the course of the next 25 years ($46 trillion). However, Gen X stands to inherit the greatest portion of assets in the next 10 years, totaling $14 trillion to Millennials’ $8 trillion.”

Widows in the Baby Boomer and the Silent Generation in addition to different older generations are set to obtain about 38% of the wealth earlier than it may well get to heirs and charities, in keeping with the report.

“Projections of horizontal, or intra-generational, transfers show that $54 trillion will be passed on to spouses before eventually transferring intergenerationally to heirs and to charities. Nearly $40 trillion of these spousal transfers will be going to widowed women in the Baby Boomer and older generations…”

Generated Image: Midjourney

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