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According to UBS, more than USD 83 trillion of wealth will be inherited within the next three decades, with about a fifth of the world’s assets held by people over the age of 75. VanEck’s Matthew Sigel predicts that the crypto market could see $6 trillion from these inheritances over 20 years. Baby boomers, the first generation to retire on 401ks rather than pensions, face challenges in managing their retirement funds amid inflation. Some boomers, like one dad six months away from retirement, have started gifting their Gen X and millennial kids their inheritance.
OPINION: They might be the forgotten generation stuck between two big personality eras, but a gen X spending boom is coming as they get set to inherit just as their kids stop depending on them: https://t.co/QItKJFjoW2 https://t.co/33FiusC2FG
Boomer dad, who is 6 months away from retirement, has already started gifting his Gen X and millennial kids their inheritance https://t.co/8RelA4Rkrg
A Productivity Commission report found that about two-thirds of “Xennials” – Gen Xers and Millennials born in the late 1970s to early 1980s – were earning more than their parents did at a similar age. https://t.co/C5flVZCSYn
