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Kiplinger
Kiplinger
Business
Valerie Wong Fountain, CFA®

Will Millennials' Attitude Toward Money Put the Family Wealth at Stake? A Wealth Adviser Explains How Families Can Find Common Ground

Millennials Morgan Stanley UHNW
(Image credit: Getty Images)

The Great Wealth Transfer is estimated to comprise $124 trillion in assets by 2048, according to the CFA Institute.

Now that we are over halfway there, we can see how differently the new wave of ultra-high-net-worth (UHNW) Millennials approaches investing, saving and overall values around wealth compared to previous generations.

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