Preparing for the $T Intergenerational Wealth Transfer
Winning a lottery can have tragic results. Millennials and charities are just beginning to realize they are about to win a lottery, possibly the most impactful economic event of the 21st century. It will be the largest, broadest, deepest intergenerational transfer of wealth in history: transferring $trillions of wealth accumulated by baby boomers as they retire and expire. I’ve been considering and alerting others to the threats and opportunities for financial planners and high wealth people, government and early stage entrepreneurs.
Some millennials are already anticipating and pre-spending their inheritance. Hence, the boom in growth underway of financial planners, new investment services, and government’s interest in how to access private capital. What has not been discussed in any depth is the impact of the wealth transfer on public services.
“The so-called baby boomer generation is about to have it’s final – and most significant impact, on the economy ever! Friday’s interactive presentation to Sunrise Rotary speculates on what a $T wealth transfer may mean to you and your children, government and business.”