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The Nexus
BUSINESSJul 15 · 07:00 UTCFORTUNESasha Rogelberg

The $124 trillion Great Wealth Transfer is more than just cash: More U.S. businesses are now being inherited than bought, BofA finds

More U.S. businesses are being inherited than purchased, according to Bank of America's Private Bank Study of Wealthy Americans. By 2026, 23% of businesses among wealthy Americans are projected to be inherited versus 11% purchased, marking a shift in the Great Wealth Transfer, which involves $36 trillion to $124 trillion in assets moving to younger generations over two decades.

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Mentioned
Bank of AmericaorganizationJonathan ParkerpersonGreat Wealth TransfertopicFederal Reserve Bank of St. LouisorganizationMIT Sloan School of ManagementorganizationBaby BoomerstopicU.S. householdsplace
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