‘Great transfer of wealth’: What it may mean to you

Now, as boomers retire, require long-term care and eventually pass, their collected wealth, roughly $30 trillion to $68 trillion, will be transferred to their children, grandchildren and other beneficiaries. This great transfer of wealth is predicted to affect the U.S. economy as a whole. But first, let’s take a look at how it affects each generation and what that means for the average person.