DOLLARS DELAYED

While a wealth transfer exceeding $20 trillion from the Silent Generation (pre-1946) is underway, Boomers (1946-1964) hold $100 trillion and Gen X (1965-1980) $50 trillion, and they’re living longer especially if they’re very high income. Thus, when heirs inherit money is rising. Between 1998-2010, Americans in their late 50s were most likely to report receiving an inheritance. Between 2013-2022, recipients were in their mid-60s. There’ll be no dramatic huge windfall.