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MIT Sloan School of Management

Coverage of MIT Sloan School of Management in the Nexus archive.

Earliest in view: Jul 15 · 07:00 UTCMost recent: Jul 15 · 07:00 UTC

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BUSINESSJul 15 · 07:00 UTCFORTUNE
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.