A $105 Trillion Inheritance Windfall Is On the Way For U.S. Heirs
https://www.bloomberg.com/news/articles/2024-12-05/a-105-million-inheritance-windfall-is-coming-for-heirs-in-the-us
Related:
https://www.fa-mag.com/news/a--105-trillion-inheritance-windfall-is-on-the-way-for-u-s--heirs-80575.html
The 'Great Wealth Transfer' Is a Delusion
https://www.bloomberg.com/opinion/articles/2024-04-05/the-great-wealth-transfer-from-boomers-to-millennials-is-overblown
Health care costs are much higher for people over age 65 than they are for younger people. The majority of one’s health care spending happens after retirement. And Medicare doesn’t cover dental or vision care, because in the US health care “system,” teeth and eyes are a bit like checked luggage or an in-flight meal — an optional upgrade for those who choose to splurge.
According to KFF, only half of people over 65 have saved any money for a home health aid ($60,000 a year) or nursing home ($100,000 a year). Neither are covered by Medicare. And Medicaid only kicks in if all your savings have run out.
The 'wealth transfer' from boomers won't save Gen X and millennials
https://www.nbcnews.com/business/consumer/generational-wealth-transfer-baby-boomers-cant-save-gen-x-millennials-rcna128099
Hey, Gen X, Z and millennials: Here's why you may miss out on the great wealth transfer
https://www.usatoday.com/story/money/personalfinance/2024/03/31/the-great-wealth-transfer-goes-to-healthcare/73059782007/
https://www.bloomberg.com/news/articles/2024-12-05/a-105-million-inheritance-windfall-is-coming-for-heirs-in-the-us
Related:
https://www.fa-mag.com/news/a--105-trillion-inheritance-windfall-is-on-the-way-for-u-s--heirs-80575.html
https://www.bloomberg.com/opinion/articles/2024-04-05/the-great-wealth-transfer-from-boomers-to-millennials-is-overblown
Health care costs are much higher for people over age 65 than they are for younger people. The majority of one’s health care spending happens after retirement. And Medicare doesn’t cover dental or vision care, because in the US health care “system,” teeth and eyes are a bit like checked luggage or an in-flight meal — an optional upgrade for those who choose to splurge.
According to KFF, only half of people over 65 have saved any money for a home health aid ($60,000 a year) or nursing home ($100,000 a year). Neither are covered by Medicare. And Medicaid only kicks in if all your savings have run out.
https://www.nbcnews.com/business/consumer/generational-wealth-transfer-baby-boomers-cant-save-gen-x-millennials-rcna128099
https://www.usatoday.com/story/money/personalfinance/2024/03/31/the-great-wealth-transfer-goes-to-healthcare/73059782007/
The Great Wealth Transfer Is Happening But Not In The Way You Think
https://www.forbes.com/sites/josephcoughlin/2024/06/26/the-great-wealth-transfer-is-happening-but-not-in-the-way-you-think/
Warren Buffett issues a warning for all parents ahead of the $84 trillion Great Wealth Transfer
https://finance.yahoo.com/news/warren-buffett-issues-warning-parents-174136443.html
https://www.forbes.com/sites/josephcoughlin/2024/06/26/the-great-wealth-transfer-is-happening-but-not-in-the-way-you-think/
https://finance.yahoo.com/news/warren-buffett-issues-warning-parents-174136443.html