Over the next two decades, up to a staggering $68 trillion dollars will pass hands from the baby boomer generation (those born between 1946-1964) down to their now-adult children in Generation X (those born between 1965-1980) and the millennial generation (those born between 1981-1996). In other words, we have officially entered the largest wealth transfer period in history. But before we delve into the impacts this Great Wealth Transfer will have on the world’s economy as we know it, we first need to understand exactly how this phenomenon came to be in the first place.
