Great Wealth Transfer
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Nearly 10% of Americans feel less pressure to save knowing they’ve got an inheritance — why it could evaporate
Yahoo Finance· 2025-09-15 10:15
Group 1 - Economists predict a significant $100 trillion will be transferred from baby boomers over the next 25 years, termed the "Great Wealth Transfer" [1] - Approximately 66% of Americans anticipate inheriting money during this period, with 10% feeling less pressure to save due to expected inheritances [1][2] Group 2 - Increased longevity leads to higher healthcare and end-of-life costs, impacting the wealth available for inheritance [2][3] - Fidelity estimates that a couple retiring at 65 will need $172,500 for healthcare expenses, reflecting a 4% increase from 2024, with costs rising as age increases [4] - Long-term care costs are significant, with private nursing home rooms averaging $10,600 per month and semi-private rooms over $9,000 [6] Group 3 - Chronic conditions prevalent in older age, such as Alzheimer's, can be costly, with annual costs for Alzheimer's projected to exceed $1 trillion by 2050 [6] - The potential inheritance may diminish due to the costs associated with parents' care, compounded by the fact that only 24% of U.S. adults have a will, leading to possible delays and disputes in estate distribution [7]
North America high-net-worth individual population surges, while Europe and Middle East shrink
Globenewswire· 2025-06-04 04:00
Press contact:Fahd PashaTel.: +1 647 860 3777E-mail: Fahd.Pasha@capgemini.com North America high-net-worth individual population surges, while Europe and Middle East shrink U.S. led the world in growth in its millionaire population, adding 562,000 to reach 7.9 millionUltra-high net worth individual population rises by 6.2% worldwide High-net-worth individuals now allocate 15% of their portfolios to alternative investments, including cryptocurrencies Paris, June 4, 2025 – The Capgemini Research Institute’s W ...