well, you can't take it with you. but ... how much will t…
well, you can't take it with you. but ... how much will the boomers drain the tank? i.e.: will this represent a massive windfall for corporations or the purported massive xfer of generational wealth?
Fraction of all US wealth owned by Boomers & Gen-Xers when the average member of each was age 35:
Boomers, 1989 21%
GenX, 2008 8%
The average Millennial turns 35 in 2023. Right now they own 3%.
There will surely be political implications.
federalreserve.gov/releases/z1/da…