A study shows that Millennials will hold five times as much wealth as they have today and the group is anticipated to inherit over $68 trillion from their Baby Boomer parents by the year 2030. This will represent one of the greatest wealth transfers in the modern times.
A study shows that Millennials will hold five times as much wealth as they have today and the group is anticipated to. This will represent one of the greatest wealth transfers in the modern times.
Coldwell Banker. Millennial millionaires make up approximately 2% of the total U.S. millionaire population. The majority of Millennial millionaires have a net worth that ranges from $1 million to $2.49 million and fall between the ages of 34 and 37. Due to inheritances, trusts and estate planning, there will be a steady flow of Millennials getting very rich soon.
"The difference between the millionaires of the early 1980s and the ones being created today is that many of them stand to inherit even more wealth from their Baby Boomer parents, who are considered the wealthiest generation in history," the Coldwell Banker report concluded.
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