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Fortune
Fortune
Eleanor Pringle

Millionaire boomers plan to spend their fortunes instead of passing it on—and don't want to witness anyone else enjoying it

A boomer couple looking out of a hotel balcony window (Credit: Robert Nicholas - Getty Images)
  • Millionaire boomers are planning on gifting less to coming generations than wealthy Americans in other age groups—and they'll only transfer a fraction during their lifetimes.

If millennials are planning on cashing in on the Great Wealth Transfer, they might just be projecting their own optimism.

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