As the oldest working generation, baby boomers have one foot in the workforce and another in retirement. Time and favorable economic conditions have made it easier for this generation to build wealth compared to younger generations.
A 2022 study projects that wealth transferred through 2045 will total $84.4 trillion—$72.6 trillion in assets will be transferred to heirs, while $11.9 trillion will be donated to charities. Greater than $53 trillion will be transferred from households in the Baby Boomer generation, representing 63% of all transfers.
