“I read an article recently that Gen Xers and millennials are in line to inherit 50 TRILLION DOLLARS from us Baby Boomers.”
My daughter’s in laws just gave her and my son in law $36K.
My daughter is 39. My son in law is 40. Double income no kids
My son in laws parents are both 80. They have more money than they know what to do with. So, they gave the maximum amount they could legally to both kids.
So, I would say that statement is true. Baby Boomers have accumulated large amounts of wealth that many will never spend in their lives.
“Baby Boomers have accumulated large amounts of wealth that many will never spend in their lives.”
Or very little. Or none.
It’s amazing, and it is only loosely related to their relative income.