A historic wealth transfer of nearly $124 trillion is expected in the next 25 years, following demographic and economic trends. The factors behind this projection include adjustments for inflation, surging asset prices from 2020 to 2023, and the increasing share of wealth held by older households, which rose to 61% by 2023. The wealthiest households control 44% of all wealth as of 2023. Baby Boomers will begin transferring $79 trillion to younger generations and charities, marking significant shifts in personal finance and wealth distribution.
The generational transfer of nearly $124 trillion in assets over 25 years will profoundly impact families, advisers, businesses, and every segment of the financial industry.
Older households held 61% of national wealth in 2023, compared to 54% just three years earlier, highlighting the growing dominance of older demographics in wealth management.
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