Part 8/13:
Wealth transfer: An estimated $84 to $124 trillion will move from boomers to younger generations (mainly Gen X, Millennials, and Gen Z) over the next two decades—a transfer rivaling three times the U.S. GDP.
Inheritance plans are already underway, with 55% of Millennials and 41% of Gen Z expecting significant inheritances within five years. Much of this wealth will be allocated toward debt repayment (student loans, mortgages), boosting disposable income and possibly housing demand.
Real estate transfer is expected to influence housing markets, potentially stabilizing prices but increasing transaction volumes as boomers downsize or pass away.