The real value of Boomers
The United States is braced for the single biggest transfer of wealth in history.
"Boomers" make up about 45 million households, worth about US $68,4 trillion, according to Cerulli Associates. an asset management research group. As they die over the next 25 years, their heirs will receive most of this, and those heirs are mostly millennials.
The question is, what will those heirs do with the money?