Baby Boomers are expected to pass on $84 trillion over the next 20 years. A large sum of that is expected to go to Gen X and Millennials. It's being called 'The Great Wealth Transfer'.
There's an old saying that goes like this:
"The first generation makes it, the second generation spends it, and the third generation blows it."
Do Millennials and Gen X have the financial discipline needed to inherit a lot of money?
Monika Hengesbach has more than 30 years of experience in financial services. She’s an enrolled agent, an NTPI Fellow, and CEO at Decision Financial Services. New York-based NTD News asked her to come on the air for an interview on 10.3.24 to give her insights on this.
Work with Monika Hengesbach:
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