Generational Shift: Millennials Closing the Gap on Baby Boomers' Dominance

Baby boomers currently own a staggering $75 trillion in wealth, including stocks, real estate, pensions, private businesses, and cash, compared to Generation X's $40 trillion and millennials' $8 trillion. However, as millennials enter their prime earning years, they are expected to catch up with older generations. Market analyst Ed Yardeni predicts that within the next two to three years, millennials will surpass baby boomers in disposable income share, and by 2029, they will outpace Generation X. Additionally, it is estimated that over $70 trillion will be inherited by younger generations, providing further opportunities for wealth accumulation.