dubshow wrote: ↑Thu Oct 17, 2019 1:32 pm
BUNCHA GOT DANG MILLIONAIRES I TELL YA.
The population of wealthy young people is growing, the report finds. And they’re getting richer: “By 2030, millennials will hold five times as much wealth as they have today, and are expected to inherit over $68 trillion from their predecessors in the Great Transfer of Wealth.”
The “Great Wealth Transfer” refers to the trillions of dollars that will be passed down to millennials from their baby boomer parents, who are considered the wealthiest generation in history.
Almost half, 44%, of the millennial millionaires are concentrated in California. That’s “consistent with the general millionaire population,” the report says, adding that “the Golden State also has the highest percentage of business owners (23%) and the highest percentage of real estate investors.”
New York ranks No. 2. It’s home to 14% of the millennial millionaire population.
MILLIONAIRES I TELL YA.
