The great wealth transfer refers to the $124 trillion expected to shift from Baby Boomers and older generations to their heirs by 2048. That’s more than the total global GDP of $115 trillion for 2024.
And one key demographic stands to benefit the most from the massive wealth transfer: women.
A new report from the Bank of America Institute estimates that close to $100 trillion of the $124 trillion transfer will go to women, with $47 trillion shifting to women in younger generations as inherited wealth and $54 trillion going to surviving spouses, 95% of whom are expected to be women.
Related: ‘Nobody Ever Gave Me Anything’: More Boomers Say They’re
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