Young Adults Face Mixed Feelings About $84 Trillion Wealth Transfer

As the largest wealth transfer in history looms, younger generations express uncertainty over financial management and preparedness.

$84 trillion is expected to transfer from Baby Boomers to Gen X, Millennials, and Gen Z by 2045.
72% of Americans lack confidence in managing a large influx of money, with Millennials and Gen Z being the least assured.
Many young adults are turning to social media and AI for financial advice, despite risks of misinformation.
Wealth inequality remains a concern as the majority of the transfer will benefit the wealthiest 1.5% of households.
Experts emphasize the need for strategic financial planning and communication between generations to manage the transfer effectively.