February 9, 2023
The Largest Wealth Transfer Ever Seen

The largest wealth transfer in the history of humanity is currently underway as baby boomers (those born between 1946 and 1964) begin to retire and pass on their wealth to younger generations. According to estimates, over the next 30 years, around $30 trillion will be transferred from baby boomers to their heirs. This transfer of wealth is unprecedented and potentially impacts the global economy significantly.
Where will this money go?
This wealth transfer will shift wealth from older, established economies to younger, emerging economies. The money will be invested in developing economies such as Asia and Latin America. Another potential impact of wealth transfer is the increased importance of sustainability and social responsibility in investment decisions. Younger generations will likely be more focused on ethical and environmentally-friendly investments as they prioritize climate change and social inequality. Ethical investing could lead to a shift in the types of companies and industries receiving investment and an increased focus on sustainability. At Twin Shores, we see this opportunity and are helping people prepare for it.