Millennials and Gen Z will inherit $83.5 trillion in the next two decades—but not before spouses of the wealthy obtain their $9 trillion

A woman looking over financial documents (Credit: Dmitry Belyaev—Getty Images)

A windfall is on the cards for young people courtesy of a massive wealth transfer that will take place over the next two decades—but not before one specific demographic inherits their share.

According to UBS's Global Wealth Report 2024, $83.5 trillion of wealth will be transferred to younger people within the next 20 to 25 years. However, a significant chunk of this sum currently held by the boomer generation will be passed on within the next decade.