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Best known as ‘The Great Wealth Transfer’, a massive volume of financial assets is set to pass between what we call ‘Baby Boomers’ and the current Millennial and Gen Z cohort, what I like to call ‘Zennials’, in the next decade. In the US, this is estimated to amount to $84 trillion and in the UK, £5.5 trillion.
Cross-generational transfers happen all the time, but what makes this different and significant this time around is its scale. This will be the largest flow