economy
The biggest wealth transfer in history is here: How the next generation will spend the trillions
The greatest wealth transfer is underway, and heirs who are set to inherit are preparing to use the money very differently from the generations that built it.
TL;DR
- An estimated $83.5 trillion is expected to transfer between generations over the next two decades.
- Younger heirs are internationally educated and more open to diversified investments across asset classes and markets.
- Millennials show higher interest in private assets and cryptocurrencies compared to older generations.
- Younger wealth holders view money as a tool to achieve goals, prioritizing experiences and global lifestyles over traditional status symbols.
- There's a growing interest in sustainability and impact investing among the next generation.
- Heirs increasingly see inheritance as a transfer of responsibility, pushing for transparency and formal governance structures.
- Lack of communication and family disputes are identified as major risks to preserving inherited wealth.