Expectations on the Massive Wealth Transfer to Millennials and Gen X in the Coming Decades
Key Findings in UBS's Global Wealth Report 2024:
The wealth transfer forecast indicates a substantial $83.5 trillion inheritance for Millennials and Gen X over the next two decades.
Wealth Landscape Shift:
In the midst of rising prosperity, individuals from diverse wealth backgrounds are expected to benefit from this substantial transfer.
Projection for Millionaires Growth: The report highlights a significant increase in the number of millionaires in the upcoming years.
However, prior to this transfer, a significant portion amounting to $9 trillion is set to be inherited by the spouses of the wealthy, reflecting a different facet of the transition process.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.