The "Great Wealth Transfer" is the term for the largest generational wealth transfer in history, where Baby Boomers and the Silent Generation are expected to pass on a significant amount of their assets to their children and grandchildren. This transfer is projected to reach a total of $84.4 trillion by 2045, with a large portion going to Gen X, Millennials, and Gen Z.
Is your parents, grandparents, uncles, an aunties doing that for you?