The great wealth transfer is attributed to which generation?

• A. Gen X
• B. Baby boomers
• C. Millennials
• D. Silent generation

Answer: (B)

Intergenerational wealth transfer happens when assets are passed from one generation to the next as people retire or pass away. The great wealth transfer is attributed to the Baby Boomers because they hold the largest share of wealth built up over decades, thanks to periods of strong economic growth, rising home values, and stock market gains. As Boomers retire and pass on their assets, substantial wealth moves to younger generations, mainly Gen X and Millennials. The Silent Generation is older and generally wealthier in smaller amounts compared to Boomers, so the most significant transfers come from the Baby Boomer generation. That’s why this generation is identified as the source of the great wealth transfer.