Objects in the mirror are closer than they appear. Whether it be a dinosaur that Jeff Goldblum is dodging or a colossal inheritance, things tend to creep up faster than projected. Even when the change is good or highly-anticipated, it can make people get a little anxious or feel overwhelmed.
This much is true for the long-expected great wealth transfer, wherein a hefty sum of $84.4 trillion dollars is expected to move to younger hands by 2045 , per a report from Cerulli Associates. Most of those funds, $72.6 trillion, are to be gifted to heirs, with $11.6 trillion going to charity. Boomers are projected to give away the bulk of this fortune, at around 63%. Gen Xers are predicted to inherit the most, followed closely by millennials, and then Gen Zers, according to Merrill Lynch.
