$124,000,000,000,000 Great Wealth Transfer To Benefit One Generation the Most Over Next 10 Years: Report

One generation is set to benefit disproportionately over the next decade as the $124 trillion Great Wealth Transfer gains momentum between now and 2048. Generation Xers, born between 1965 – 1980, will inherit a little over 10% of the $124 trillion that will be handed down over the coming 10 years, says asset and wealth management research firm Cerulli Associates. “Over the next decade, Gen X households are expected to receive nearly $1.4 trillion, on average, annually as part of the ‘Great Wealth Transfer.’” According to a senior analyst at the asset and wealth management research firm, Chayce Horton, the windfall will be particularly appreciated by Generation Xers and their households as the 1965-1980 cohort has faced relatively more financial and career upheavals in their lifetimes, including the global financial crisis. Horton says, “In fact, no generation lost a greater percentage of its net worth between 2007 and 2010 than Gen X households—their median net worth falling 38%, from $63,000 to $39,000. With stunted market growth from 2000–2010, many Gen X households lack a sense of comfort with their future retirement.” Gen Xers are also currently under immense financial pressure, having to meet the financial needs of their children and care for aging parents, according to Cerulli Associates. Per a 2023 survey done by the Transamerica Center for Retirement Studies, Generation Xers had median savings of $82,000, compared to Boomers’ $289,000 and Millennials’ $49,000. Follow us on X , Facebook and Telegram Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post $124,000,000,000,000 Great Wealth Transfer To Benefit One Generation the Most Over Next 10 Years: Report appeared first on The Daily Hodl .

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