"At UBS, our modeling suggests that over the next 20 years, over $80 trillion of wealth will change hands. The change in wealth comes at a time when many governments around the world have high debt and deficits. It seems unrealistic to suppose that governments will just sit idly by as this wealth moves around. We would expect governments to attempt to mobilize that wealth to help fund their debt, but in doing so that denies private sector investment access to some of those funds."
"Indeed, a study from JPMorgan earlier this month found that women expecting to receive a spousal inheritance over the coming years-an anticipated $9 trillion-plan to invest it in the stock market. Part of the reason they're comfortable investing the money is that they're not reliant on it to achieve their financial goals, with three in four women saying they're well on track to reach financial mileston"
Modeling projects over $80 trillion of wealth will change hands over the next 20 years, with some estimates up to $124 trillion across 20–30 years. Baby boomers, the wealthiest generation in history, will pass assets to Gen X, millennials, Gen Z, and spouses. Governments facing high debt and deficits may attempt to mobilize inherited wealth to fund national obligations, potentially reducing funds available for private-sector investment. Studies indicate women expecting roughly $9 trillion in spousal inheritances plan to invest much of it in the stock market and largely feel financially on track.
Read at Fortune
Unable to calculate read time
Collection
[
|
...
]