Millennials Face Delayed Inheritance Amid Great Wealth Transfer, Impacting Financial Trajectories
The Great Wealth Transfer, estimated to involve $124 trillion passing between generations by 2048, is expected to significantly impact millennials. However, the timing of these inheritances may be too late to alter their financial trajectories. By 2048, even the youngest millennials will be 52, potentially missing the opportunity to leverage early inheritance for financial growth. Research indicates that buying a home by age 30 can lead to a 22.5% higher net worth by age 50, a benefit that diminishes with delayed inheritance. Many families are already providing financial assistance to younger generations, including down payments and cash gifts, to help them navigate high living costs and stagnant economic conditions. 
