If you’re eyeing the $80 trillion promise of the Great Wealth Transfer and wondering what it may do for your personal finances, you’re not the only one. Governments are asking themselves the same, according to UBS.
The eye-watering sums due to change hands via inheritance in the coming decades, will change the financial fortunes of millions of people. But it could also help rectify the fiscal trajectories of some of the world’s most advanced nations. Those funds, UBS says, could be used to balance the books for countries with high levels of unsustainable national debt.
Studies have found that over the next 20 to 30 years as much as $124 trillion will be passed down from older generations to their younger counterparts….