America is on the edge of the most dramatic shift in personal financing that has ever been measured – a generation transfer of assets of almost 124 trillion dollars over just 25 years. After Fund transfer problem By Boston Wealth Management company Cerulli AssociatesThe publication published in June 2025, a combination of demographic and economic forces will record a record of wealth of baby boomers and older Americans by 2048 by 2048. This transformation has profound effects on families, consultants, companies and every segment of the financial sector.
Three main factors have strengthened Cerulli’s latest forecasts. First, a fundamental adaptation for inflation is: earlier forecasts of 84 trillion US dollars (in $ 2020) are $ 100 trillion in the amount of $ 2023. Second, the explosion of the asset award of pandemic is: the shares rose by 27%, and the real estate rose by 39%from 2023, and the entire US budget assets rose from $ 108 trillion to $ 154 trillion. (The report states that American assets have grown over a longer time frame since the major financial crisis, with the 2011 brand being at 79 trillion dollars.)
Finally, older households are checking an increasing percentage of national assets so that they can pass on more. From 2023 they kept 61%compared to 54%, just three years earlier. This corresponds to something with wealthy households – with a net asset of more than 10 million US dollars. These richest households, a total of around 3 million, now hold 44% of the total assets of 40% in 2020 and notice 11% of 33% in 2011. Cerulli calculated that these are the top 2% of the richest Americans.
Baby Boomer and the elderly Americans still master the largest wealth pool in America and will be responsible for the largest handover and will send 79 trillion dollars to younger generations and philanthropies. This begins with “horizontal” asset transfer – wives survive husbands, siblings and other relationships of the same age – before most assets change to children and grandchildren.
gene XFor a long time overshadowed by the huge boomer cohort and the much discussed that they should inherit Almost 1.4 trillion dollars a year More than any other group in the next ten years. This windfall comes in a central phase of life: Many gene Xers are “intervened” between the care of children and aging parents. Cerulli projects millennials, which will receive 8 billion US dollars a year in the next decade. Millennials will receive the largest train over the next quarter of a century: $ 45.6 trillion to $ 39 trillion from Gen X.
Cerulli Associates
This is a change for the gene X generation, the financial experience of which was shaped by volatility. Between 2007 and 2010, they lost 38% of their middle net assets – a much steeper loss than any other generation – understandably anxiously and pragmatically about their financial future. Their faster transition to inherit the advisory industry is dramatically concentrated.
The next wave: wealth of women and millennial and gene wealth
Despite delayed milestones in life and entering the workforce during the great recession, the millennials will inherit $ 46 trillion. With better access to old-age provision plans and digital investment platforms, millennials and gen z, different preference EG effects, eG, eG, eG, eG, EC, ESG, ESG and ESG and ESG and ESG) show).
One of the most striking results of the report affects women as assets. Women are due to a large part of the upcoming assets. It is expected that widows from the Boomer cohort will receive 40 trillion dollars of “horizontal” transfers -over 28 million women become the main wealth administrator in their families when they survive their spouses. The average transmission between the LUSTERS is $ 1.4 million.
Younger women will inherit $ 47 trillion in the next 24 years and shift the conversation between men dominated by men to a new era of female control and financial decision-making.
The changing face of prosperity
Asset managers are preparing for a big change, writes Cerulli. Of the customers of Premier Financial Advisors Today, 45% are entrepreneurs, business owners and management managers, 24% hereditary or multi -multi -family ties, and only 21% are the type of “traditional” savers and powerful specialists such as lawyers and doctors. The proportion of millennial and gene Z customers in HNW-focused companies rose from only 8% in 2021 to 25% in 2024, an indicator of the quick-grapping generation transfer.
For this story, Assets Used generative AI to help with a first draft. An editor checked the accuracy of the information before publication.
