~(Cont. from Picture, Page 1)~
That number is higher than other estimates, which have pegged the transfer at somewhere between $53 trillion & $84 trillion.
Regardless, by 2030 millennials are expected to have five times as much wealth as they have today, according to Coldwell Banker.
It follows after a rough ride for the generation, which has suffered the consequences of the 2008 financial crisis & an era of money printing that has significantly lowered the purchasing power of the dollar.
According to Knight Frank, there's evidence that millennials blame prior generations for creating the uphill battle they now face.
And despite being tagged as lazy, a 2023 report from Alliant Credit Union found millennials are actually the most fiscally motivated & responsible generation, largely out of necessity. Alliant also says 53% of millennials believe they'll receive $350,000 or more from their parents, while the boomers say they plan to give $250,000 or less.
As for what it takes to join the top 1% of earners in America, Knight Frank says it now takes $5.8 million to join the club.
That number is $700,000 higher than it was just 1 year ago. $(Re:TheDailyHodl)$💵~That’s a lot of 0’s behind the 9 as in T for “Trillions”, which most people wouldn’t know that by looking at just the number without an explanation….& “Transfer” of Wealth to come by The Boomers to the Millennials?
~Well, let’s just see about that prediction?~No, you can’t take it 💵 with you & no one has ever seen a Big U-Haul Truck 🚚 behind a Hearst, yet~but it did not come easy for most Boomers & No Generation likes the word “Lazy”, so keep the hands 🤲 in your pockets for now all of you Millennials, and be Polite & Kind regardless to your Loved Ones just for so!😉👋💵🌎☮️🙏💸
~Hamptons at Boca Raton, Florida
Check out Glenn Stuart Harris's video! #TikTok tiktok.com/t/ZTLdLBeyj/
https://www.linkedin.com/events/recruitingeqe18-generationgame-7204934177190805507/theater/