| | John Burson  edited Sunday, February 25, 2024 |
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It is estimated that baby boomers will transfer $72 trillion in assets to millennials, which is known as the "great wealth transfer." This transfer may help alleviate the financial struggles of younger generations. Bank of America Research has identified a substantial wealth shift from the government to baby boomers in the past 40 years.
BofA says the ‘great wealth transfer’ isn’t $72 trillion but $129 trillion—and the government gave most of it to baby boomers.
Source
https://fortune.com/2023/10/28/great-wealth-transfer-baby-boomers-bank-of-america-millennials-government-policy/amp/
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