The Transfer of Wealth Between Generations in the United States: How Baby-Boomers’ Wealth is Impacting Inheritances

The transfer of wealth between generations in the United States is reaching unprecedented heights. Because the baby-boomers, these 73 million Americans born after the Second World War and who have benefited from good years of growth, are beginning to die in number, and they hold half of the national wealth.

Certainly, “most of them will leave behind little more than a house and a few thousand dollars, note The New York Times, but others pass on to their heirs hundreds of thousands, millions, even billions of dollars.” Between 1989 and 2022, the heritage of Americans