"Boomers to Transfer Trillions to Next Generation"

Baby boomers are set to transfer approximately $83.5 trillion to Gen X and millennials over the next 20 to 35 years, with the largest transfers occurring in the Americas. This wealth transfer, which includes $9 trillion moving between spouses, is expected to be one of the largest in history. Women, who generally outlive men, will play a significant role in this process. The average age of recipients is estimated to be around 59.