Insight into the Impending 'Horizontal Wealth Transfer' Phenomenon in the US
Monday, 15 July 2024, 22:50
Overview
As aging Baby Boomers face the reality of passing on their wealth, a 'Horizontal Wealth Transfer' looms on the horizon.
Key Points:
- Transition Period: Over the next 20 to 25 years
- Beneficiaries: Surviving heirs
- Reported Findings: UBS Global Wealth Report
Understanding the implications and planning for this trend is essential for both current and future generations.
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.