A Generational Transfer Of Wealth
Posted November 28, 2007
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Latest predictions suggest a marked increase in the transfer of wealth over the next 50 years as the World War II generation passes assets on to the Baby Boomers. And, in turn, baby boomers will leave that wealth to their heirs. The projections are based on a number of indicators, starting with current net worth of households. The forecasting takes into account historical population, income, and economic trends, as well as three key demographic indicators: age, education, and race. Education is an important indicator because estate size and net worth typically increase in proportion to education level. On average, a person with a college degree has an estate six times larger than a person with no high school degree, the study says.
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