I always thought the best financial plan was to "run out of money on the day you die". If that be the case, younger generations would not inherit much.
A problem could be that those wealth transfer could cause a shift in holding assets on the equity markets. If they spend more for own houses or real estate than prices must go up here and prices on equity markets must go down then (to some extent). Because baby boomers where know for holding assets in the equity markets (or ?).
%% NOTHING wrong with part of it, like Alision B said / use assets as agents of change. As they noted ; that climate change scam is a loser, like ESG. One financial planner asked a group ''who knows the calamity that happened on APR 14,15,1912??'' NO body answered like it was a trick question\LOL So I said '' one paid too much income tax??'' HE LOL + did not disagree/ but noted the Titanic also sunk
How on earth is a genuinely productive member of society who isn't completely profligate supposed to do that when governments and central bankers keep printing more and more money for every single little hiccup in the business cycle?
Part of the notion of a capitalistic economy is/was "creative destruction". That is, those who can't hack it go out of business. Those who can, flourish to one degree or another. We're paying the price right now.. for the Fed money-pumping to save all the marginal and zombie companies.
%% Plenty of patterns work @ 50%\ Kershaw, Sammy song says'' there must be half the town\ ain't it funny broken home can bring the prices down\. > 5.777 million video views Cut capital gains + taxes that will help. Ultra hi prices like you imagined would result in much less taxes, less gov income;but i dont blame you for wanting less gov + less tax
It could also be that less money is put on the debt market because usually it makes sense for old people to hold less equities and more debt papers. So that would cause kind of higher illiquidity in the debt market and also higher rates too (to some extent). Because it is most likely (especially actually) that with the shift of wealth transfer those assets are kept (in debt papers). You see there could be some possible outcomes here. So one would need to investigate it further. But I find this topic interesting.
to me the problem is that the $68 trillion is not sitting in cash ready to be transferred. the majority of the wealth is likely in housing, followed by stocks and bonds. so, assuming for every sale there needs to be a buyer, who's buying all the assets for $68 trillion? now i know, not every boomer will sell at the same time- but that is still a lot of selling pressure to consider.