In 25 years, Generation X willreplace baby boomers as the biggest wealth wielders.
That's according to a Cerulli report that predicts the transferof a total of $68 trillion in wealth over the next quarter centuryby nearly 45 million households.
According to the report, U.S. High-Net-Worthand Ultra-High-Net-Worth Markets 2018: Shifting Demographics ofPrivate Wealth, boomers will account for close to 70% of thosehouseholds, shifting approximately $48 trillion.
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Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
