The baby boomer generation, born between 1946 and 1964, is recognized as the wealthiest in history, holding more than half of the U.S.'s $160 trillion wealth. This wealth accumulation results from unique economic conditions post-World War II, including a growing GDP, job opportunities, and a strong labor union presence. However, the future looks different for younger generations, who may not replicate this success. The impending 'Great Wealth Transfer', projected to exceed $80 trillion by 2045, raises questions about whether the baby boomers' wealth stems from merit or chance.
Baby boomers are widely considered the wealthiest American group in history.
Between now and 2045, baby boomers are set to pass down more than $80 trillion in wealth to their heirs.
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