The “great wealth transfer”
In the coming years, trillions of dollars in inheritances will flow from older Americans to their heirs
Americans age 70 and older own nearly a third of all wealth and had a collective net worth of about $47 trillion
Family money plays a key role in helping members of younger generations afford homeownership.
Homeownership gives a family the ability to amass wealth that can be passed down to the next generation.
MarketWatch 18 June 2024
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