In the near future, the Baby Boomers will be the recipients of the largest intergenerational transfer of wealth in the history of this country if not the world.
More than ten trillion dollars will be transferred from the boomers’ aging parents. While this transfer bodes well for the finances of a number of boomers, a significant number of less well off boomers will be unaffected and the wealth differentials which exist today will follow the Baby Boomer Generation.
These “wealth disparities” will determine the life style options for many aging boomers and will limit the choices of millions of Americans (especially women and minorities) in quality of health care, housing and numerous other areas.
More than ten trillion dollars will be transferred from the boomers’ aging parents. While this transfer bodes well for the finances of a number of boomers, a significant number of less well off boomers will be unaffected and the wealth differentials which exist today will follow the Baby Boomer Generation.
These “wealth disparities” will determine the life style options for many aging boomers and will limit the choices of millions of Americans (especially women and minorities) in quality of health care, housing and numerous other areas.