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Millennials: Data from demographic and wealth studies (such as Cerulli Associates and reporting via Realtor(.)com) indicates that the peak window for millennial inheritances arrives when they are roughly 52 to 67 years old.👴
Gen Z: Younger heirs in Gen Z will receive a larger share of their inheritances later in their adult timelines as older generations age and pass away.😌
Gen X is actually the generation next in line. Between now and 2035, Gen X will receive the bulk of near-term inheritances (about $14 trillion). The massive flow of wealth to Millennials won't peak until the 2040s, when they will be in your 40s and 50s.
The Timing Mismatch: Many young adults hope an inheritance will help them buy a first home or fund early family formation. However, because baby boomers are living longer and often utilizing home equity or spending down assets for retirement and care costs, the actual transfer frequently happens long after those critical early-career and home-buying years have passed.
GPDog🐾 retweeted
This chart is directly correlated with the embrace of socialist policies and abandonment of the princples of free market capitalism.
