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As the country's largest generation moves more deeply into retirement, a massive generational transfer of wealth is on the horizon. Estimates about how much wealth will be transferred from baby boomers to younger generations over the next two to three decades vary widely, from around $30 trillion to as high as $70 trillion.
Prime beneficiaries?
Generation X could be the primary beneficiary of that wealth transfer, gaining up to $48 trillion, according to a Cerulli Associates projection. However, many experts expect millennials to inherit a greater portion of the wealth yet to be transferred, as Generation X has already begun inheriting wealth from Silent Generation and older boomer parents.
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