The ‘great wealth transfer’ is coming. Many people will be rich — but they’re not ready.
131d ago
Business
MarketWatch

A significant wealth transfer is anticipated as baby boomers pass down their assets to younger generations. While many individuals are poised to inherit substantial sums, concerns are rising about their preparedness to manage and preserve this wealth. Financial experts emphasize the importance of financial literacy and planning to ensure beneficiaries can effectively handle their newfound riches and avoid squandering their inheritance. The coming years will test the financial acumen of these inheritors as they navigate the complexities of managing potentially large estates.