How do you like these apples millennials and Gen z? GenX now seems to be on track to gain the most wealth from the great wealth transfer. Actually! As always we need to look at reports and studies like this one from Wealth-X as more of a general understanding as opposed to a scientific exact "this is what will happen." And with all of these it's important to understand that the next generation of wealth will look pretty much like the previous one, just younger. Most of these inheritances are staying within very wealthy families. Expect a boom in products and services that cater to this demographic. Also expect a lot of the people that have wealth to spend it all. The only expectation that will impact your life will come from the conversations that will happen and be shaped by your own families dynamics. Maybe the boom will be in those that can facilitate and expedite and explain to all the stakeholders what's actually happening, and what to expect.
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