Tens of millions of Americans are going to get an immense wealth transfer in the coming decades.
You're right, but not in the way you think. It won't be the children of those old people who get the money; it'll be the people who provide services for the elderly. People are living much longer and they often don't have pension provision that scales well, so as they get older they have to rely on selling assets to pay for things like healthcare.
You're right, but not in the way you think. It won't be the children of those old people who get the money; it'll be the people who provide services for the elderly. People are living much longer and they often don't have pension provision that scales well, so as they get older they have to rely on selling assets to pay for things like healthcare.