Over the next three decades, the wealthiest Americans will transfer over $6 trillion in assets. Global wealth consultancy President of Wealth-X, David Friedman, stated that this will be the largest transfer of assets from one generation to the next. Many of those included were self-made individuals. Middle-class Americans will see a reduction in the transfer of wealth. American households have reduced their ownership of homes, stocks, and business equity since the recovery of the recession.
See Quentin Fottrell, “Prepare for the Largest Wealth Transfer in History,” Market Watch (Jan. 19, 2015).
Posted by Aryane Garansi, Associate Editor, Wealth Strategies Journal