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.
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.
But as boomers approach their twilight years, experts are posing one crucial question: what is going to happen to the wealth that boomers have accumulated after they're gone? This is mostly down to how the labor and financial landscape has changed over the past few decades. According to a recent report by New America, U.S. Millennials earn 20 percent less than boomers did at their age. This has exacerbated the gap between the two generations, which has nearly doubled in the past 20 years, according to a MagnifyMoney study.
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