The Greatest Wealth Transfer in History Is Here, With Familiar (Rich) Winners (Published 2023)

Over the next 20 years, Baby Boomers will pass down $30 trillion to the next generation. This will be the greatest wealth transfer in human history, yet only 30% of Americans have a will.

Entrepreneurship and hard work, not dynastic inheritance, is the primary path to a nine- or ten-figure net worth. Around three-quarters of the wealthiest 1% of American families

own

privately held businesses (compared to 5% of families in the bottom half of the wealth distribution), with business assets accounting for more than one-third of their ba... See more

The ownership economy has the opportunity to address one of the biggest and most morally troubling issues of our time: economic inequality. As the wealth gap continues to widen to levels not seen since just before the Great Depression, the best way to combat this is to enable everyone to become an owner of wealth-building assets.