It has been called the largest wealth transfer in human history—and unlike previous generational shifts, this one is already underway.
Over the next two decades, nearly $124 trillion in assets will change hands as baby boomers pass wealth to younger generations. Roughly $106 trillion of that will flow directly to heirs—primarily Generation X, millennials, and Gen Z—with the remainder going to philanthropy. The sheer scale of this transfer is staggering. But the deeper question is not how much wealth. . .