Boomers Not Sharing Wealth

f you’re a millennial or a Gen Xer, you’ve likely heard a lot about the looming “Great Wealth Transfer.” 

Baby boomers have reached the age where conversations of retiring and downsizing are finally coming to the fore. Typically, it’s also the time parents begin to see how much of their estate they're willing to share with their children while everyone’s still together. 

The assumption has been that children of baby boomers would soon be on the receiving end of one of the largest generational wealth transfers in history. However, according to a new survey, folks over 60 are holding on to their assets for as long as humanly possible.