Boomers Dying Out Could Lead to a Colossal Transfer of Wealth

[1srelluc]

Boomers dying out could lead to a colossal transfer of wealth

Millennials are expected to hold five times as much wealth as they do today by 2030, when they're estimated to inherit over $68 trillion from their parents.

www.newsweek.com

• Millennials are expected to hold five times as much wealth as they do today by 2030, when they're estimated to inherit over $68 trillion from boomers.
• The massive wealth inherited by millennials will decrease inequality between the generations in the U.S. but will likely worsen it overall, experts told Newsweek.
• The change in fortune for millennials—a generation thwarted by a series of recessions, costly real estate, and heavy student debt—has the potential to significantly change the U.S. financial and political landscape.

Fuck 'em....I hope they leave it all to their cats.
Jokes aside why do you think the Dems want something approaching a 100% inheritance tax?

Talking about “generational wealth” is just one way to gin the dems up.....You would not think that would be the case given half don't do any meaningful work and will depend on such a windfall in their later years.

Hell, Tater proposed a huge inheritance take-away back in 2020.

This is how Joe Biden will tax generational wealth transfer

Passing wealth onto heirs would become more expensive under former vice president Joe Biden's tax plan, according to an analysis by the Tax Policy Center. Here's what to expect.

www.cnbc.com

 

[DudleySmith]

lol most of their wealth will end up in the pockets of the health care industry.

 

[MarathonMike]

lol most of their wealth will end up in the pockets of the health care industry.

Unless they plan carefully, that is sadly correct.

 

[1srelluc]

lol most of their wealth will end up in the pockets of the health care industry.

Meh, I have the same insurance as the congress critters.....There is a reason they exempted themselves and .gov workers from Halfrican Care.

 

[Woodznutz]

nm

 

[BlindBoo]

Boomers dying out could lead to a colossal transfer of wealth

Millennials are expected to hold five times as much wealth as they do today by 2030, when they're estimated to inherit over $68 trillion from their parents.

www.newsweek.com

• Millennials are expected to hold five times as much wealth as they do today by 2030, when they're estimated to inherit over $68 trillion from boomers.
• The massive wealth inherited by millennials will decrease inequality between the generations in the U.S. but will likely worsen it overall, experts told Newsweek.
• The change in fortune for millennials—a generation thwarted by a series of recessions, costly real estate, and heavy student debt—has the potential to significantly change the U.S. financial and political landscape.

Fuck 'em....I hope they leave it all to their cats.
Jokes aside why do you think the Dems want something approaching a 100% inheritance tax?

Talking about “generational wealth” is just one way to gin the dems up.....You would not think that would be the case given half don't do any meaningful work and will depend on such a windfall in their later years.

Hell, Tater proposed a huge inheritance take-away back in 2020.

This is how Joe Biden will tax generational wealth transfer

Passing wealth onto heirs would become more expensive under former vice president Joe Biden's tax plan, according to an analysis by the Tax Policy Center. Here's what to expect.

www.cnbc.com

Currently the exemption is $12.92 million per person for the inheritance tax. It is set to drop to 5 million in 2026 if they don't modify it.

 

[The Duke]

Boomers dying out could lead to a colossal transfer of wealth

Millennials are expected to hold five times as much wealth as they do today by 2030, when they're estimated to inherit over $68 trillion from their parents.

www.newsweek.com

• Millennials are expected to hold five times as much wealth as they do today by 2030, when they're estimated to inherit over $68 trillion from boomers.
• The massive wealth inherited by millennials will decrease inequality between the generations in the U.S. but will likely worsen it overall, experts told Newsweek.
• The change in fortune for millennials—a generation thwarted by a series of recessions, costly real estate, and heavy student debt—has the potential to significantly change the U.S. financial and political landscape.

Fuck 'em....I hope they leave it all to their cats.
Jokes aside why do you think the Dems want something approaching a 100% inheritance tax?

Talking about “generational wealth” is just one way to gin the dems up.....You would not think that would be the case given half don't do any meaningful work and will depend on such a windfall in their later years.

Hell, Tater proposed a huge inheritance take-away back in 2020.

This is how Joe Biden will tax generational wealth transfer

Passing wealth onto heirs would become more expensive under former vice president Joe Biden's tax plan, according to an analysis by the Tax Policy Center. Here's what to expect.

www.cnbc.com

To the government.