Are Baby Boomers Being Too Stingy With Their $105 Trillion Nest Egg

Baby Boomers hold $105 trillion of wealth expected to transfer by 2048, yet many prioritize enjoying their money over passing it on to heirs.

Only 34% of wealthy Boomers believe it is important to preserve wealth for future generations, a contrast to 45% of Gen Xers who do.

Despite possessing vast wealth, Baby Boomers show a preference for utilizing their resources during their lifetime rather than ensuring an inheritance.

With only 21% of wealthy Boomers wanting their heirs to enjoy their wealth while alive, they exhibit a tendency towards keeping their assets.

Read at 24/7 Wall St.