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International Business Times
International Business Times
Ann Resuma

How Boomers, Millennials, and Gen Xers Differ On Passing Down Wealth

Millennials Charles Schwab Northwestern Mutual
A clerk poses with US dollar banknotes on May 2, 2024. (Credit: ADEK BERRY/AFP via Getty Images)

It would seem that the great generational divide between the behavior of Gen Xers and Millennials vis-a-vis the Boomers is becoming wider by the minute, and perhaps, such could no longer be reduced. A latest study showed that even when it comes to successional rights, they differ in their opinions and preferences.

Charles Schwab, a financial services company, surveyed wealthy Americans about the manner that they would be leaving their assets to their heirs, and the result showed a great disparity on the subject.

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