Largest Wealth Transfer in History Incoming As Unprecedented Quantities of Capital Heading To Gen Z, Millennials and Gen X: Morgan Stanley Strategist
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Morgan Stanley's equity strategist, Michelle Weaver, highlights an unprecedented wealth transfer as baby boomers age, potentially passing on tens to hundreds of trillions of dollars to Gen Z, millennials, and Gen X. A survey indicates that about 50% of beneficiaries will receive less than six figures, with higher-income households likely to benefit more. Currently, 14% of US consumers expect to inherit, while 17% have already received an inheritance.
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