"The Impact of America's Great Wealth Transfer on Millennials"
The "Great Wealth Transfer" from baby boomers to younger generations, particularly millennials, is expected to amount to trillions of dollars in assets. While some believe this transfer will help millennials recover from economic setbacks, others fear it will further entrench inequality. There are doubts about how much wealth will actually be passed down, with concerns that health care costs may deplete much of it. The impact of this transfer on the economy, culture, and politics is expected to be significant, leading to calls for new laws to ensure a more equitable distribution of wealth.
