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They might be strapped for cash now, but Millennials could be the richest generation in American history when they inherit Baby Boomers’ wealth.

Oct 29 2019

They might be strapped for cash now, but Millennials could be the richest generation in American history when they inherit Baby Boomers’ wealth. A study by Coldwell Banker Global Luxury reports that Millennials will hold five times as much wealth and inherit over $68 trillion from Baby Boomer parents by 2030, “one of the greatest wealth transfers in the modern times.” Currently, there are 618,000 Millennial millionaires, according to WealthEngine, but this number is set to increase as inheritance and trusts are passed down. (Forbes)