The U.S. is about to begin the greatest wealth transfer in human history as Boomers pass on $120 trillion in inheritance

The U.S. is about to begin the greatest wealth transfer in human history as Boomers pass on $120 trillion in inheritance https://open.substack.com/pub/understandingamerica/p/the-meek-shall-inherit-from-their?r=cyjh&utm_medium=ios

Investigative Journalist. Independent. www.leefang.com

I don't think it'll be $120 trillion because boomers will spend a lot on healthcare in their senior years... but... yes, the 0.1% will inherit a fortune while 90% of us will have to financially look after our parents... and kids.

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Totally.  I forget the exact numbers but if the top 10% owns 90% of all the stocks, then 10% will inherit most of the Boomer riches... while everyone else deals with increased healthcare costs.

Yeah the distribution of the $120 trillion would resemble the current wealth disparity somewhat I guess.