A huge handover of wealth across generations is on the horizon. Widely called “The Great Wealth Transfer”, this grandiose term may in fact be an understatement, as studies show a record $90 trillion in the USA will be passed down gradually over the next 20 years. This seismic financial shift will largely affect millennials, born between 1981 and 1996, who are poised to inherit most of this sum from their Baby Boomer relatives. Here we’ll look at how this transition will not only redefine personal wealth but also buck current trends in market dynamics, consumer behavior and societal structures.

Impact on Markets and Investments

Millennials are already showing markedly different investing preferences from previous generations. 75% of these younger investors believe that traditional stocks and bonds alone can’t deliver above-average returns. Among 21 to 42 year olds who already have portfolios, 73% own sustainable and impact investments, almost triple the average across all…

Source link