As Gen Z awaits its share of the $124 trillion Great Wealth Transfer from their baby boomer relatives, the generation’s financial footing is being put to the test. Typically, younger consumers see the fastest year-over-year gains in credit scores as they build their financial histories. But this year, the opposite happened: Gen Z just experienced the steepest annual drop of any age group since 2020, with their average FICO credit score slipping three points to 676. That’s 39 points lower than the national ...

Like the old saying goes, a good leader knows when to follow. Integrated Partners’ CEO Paul Saganey may be the founder of the Boston-based RIA and financial planning firm, but he knew when it was time to bring in the reinforcements. “I’ve got amazingly talented people to run the firm, but I spend most of my time coaching advisors and working with our largest clients,” he told Advisor Upside. His newest appointee Andree Mohr — who took over the role of firm president from Saganey last year — handles the da ...

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]

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 ...