“The $84T Wealth Transfer Underway Now, by the Numbers: Cerulli”

 

“The $84T Wealth Transfer Underway Now, by the Numbers: Cerulli,” by Michael S. Fischer, ThinkAdvisor

  

Quote:

“Between now and 2045, multigenerational wealth transfer in the U.S. will total $84.4 trillion, with $72.6 trillion in assets going to heirs and $11.9 trillion donated to charities, according to projections in a new report from Cerulli Associates. … See the gallery for five more of Cerulli’s projections of how the massive wealth transfer will play out over the next two decades.”

 

LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform:

Wasn’t it just yesterday we wondered what baby boomers would do with the inheritance windfall that was about to land in their bank accounts? Now it’s boomers themselves about to bequeath trillions of dollars to their heirs. Let’s hope succeeding generations do a better job of protecting their newfound wealth from long-term care costs than their boomer parents did.