An area chart showing the portion of all wealth held by members of each generation. The amount held by Baby Boomers, Gen X and Millennials has grow since the 1990s while the Silent Generation's ...

Dubbed the Great Wealth Transfer, the shift of assets from older generations to millennials and Generation Z may profoundly reshape financial influence and spending priorities in America.

Dubbed the Great Wealth Transfer, the shift of assets from older generations to millennials and Generation Z may profoundly reshape financial influence and spending priorities in America.

That's as the Silent Generation's overall wealth has shrunk from 70% to just 10% during that time frame. Boomers are now the wealthiest generation, holding just over half (52%) of all wealth in 2024.

Those whose wealth ranked in the 50% to 90% range saw their share decline by 1.5%. The bottom 50% saw their wealth rise by 1.7%, although they still control just 2.4% of the nation’s overall wealth.

Dubbed the Great Wealth Transfer, the shift of assets from older generations to millennials and Generation Z may profoundly reshape financial influence and spending priorities in America.

Dubbed the Great Wealth Transfer, the shift of assets from older generations to millennials and Generation Z may profoundly reshape financial influence and spending priorities in America.

Dubbed the Great Wealth Transfer, the shift of assets from older generations to millennials and Generation Z may profoundly reshape financial influence and spending priorities in America.

The Great Wealth Transfer in 3 charts. More than $80 trillion over 20 years—that's the scale of the coming wave of wealth expected to trickle down to younger Americans over the next two decades.