- Aging American Baby Boomers (born 1946-1964) are collectively passing down $84 trillion.
- The the top 1.5% (at least $5M liquid assets) will account for 42%, and the bottom 50% will account for 8%.
- Boomers that have benefitted the most since 1983 from rising US house prices (+500%) and stock market returns (S&P 500 + 2,800%) are overwhelmingly rich and white.
- The wealthiest also pass down assets while alive to avoid taxes (loophole).
- Article also explores how many middle-class will see inheritances eroded by inflation and healthcare costs.
