$38 Trillion Wealth Transfer to Millennials, Gen X

A huge amount of money, about $38.3 trillion, is being passed down from baby boomers to younger generations like Gen X and millennials.

This is happening over the next 10 years.

A big part of this money, $4.6 trillion, is in the form of real estate.

This is a very big change because it's a lot of money moving from one group to another.

The younger generations are expected to use this money in different ways, especially by buying more property.

This could make housing markets stronger but also make it harder for people who don't have this inherited wealth to buy homes.

By 2048, the total amount of wealth transferred could be as high as $124 trillion.

This is a big deal because it could change how people think about money and property for a long time.