Opinion: Millenials won't actually see the wealth transfer that's predicted
reddit: the front page of the internet 2024-04-05
I've seen a few posts here recently about how Millenials are expecting to receive "the largest transfer of wealth ever" and I simply don't agree. Unless you plan on caregiving for your boomer parents, they will likely wind up in a retirement home. Those places are designed with the help of MBA Consultants to extract as much wealth as they can, much like any other business.
I would expect to see a retirement/nursing home boom before I would ever expect that wealth to be passed down, just being honest.