Here's a really big number for you to chew over: $11.6 trillion. That's how much money is expected to be transferred to the Baby Boomers from earlier generations, via either inheritance or outright gifting, according to researchers at MetLife and Boston College. That is, of course, the largest intergenerational transfer of wealth in American history.
For comparison, the total wealth held by American households is about $65.9 trillion. So the Baby Boomers are getting the equivalent of roughly one sixth of all American wealth.
About $2.4 trillion of this has already been handed over. In the end, two thirds of all Baby Boomers will receive some sort of inheritance, and the median amount of inheritance received is $64,000. For more information, see here.
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