A recent study by Cerulli Associates reveals that a staggering $105 trillion is projected to be inherited by heirs in the United States over the next 25 years. This amount is equivalent to the global GDP in 2023 and represents a 45% increase from projections made three years ago. In the upcoming year alone, approximately $2.5 trillion is expected to be transferred through gifts and inheritances. The report highlights that 80% of the current wealth in the U.S. will change hands, with baby boomers, born between 1946 and 1964, being the primary beneficiaries of this wealth transfer. However, there is a notable mismatch between the expectations of Generation Z, with 38% anticipating an inheritance, and the plans of baby boomers, only 22% of whom are actively preparing to pass on their wealth. This discrepancy underscores the importance of planning for long-term financial security, as wealth concentration remains static among affluent households. The findings shed light on the dynamics of intergenerational wealth transfer and its implications for the future financial landscape in the U.S. [a338b132]