Boomers Predicted To Leave $17 Trillion `Silver Tsunami` to Kids

What`s New

Three quarters of American baby boomers are likely to leave much of their $17 trillion in home equity to their children sparking a "silver tsunami," new research from Freddie Mac has found.

Why It Matters

Data collected by the Federal Reserve shows that since 2000, baby boomers—those born between 1946 and 1964—have also enjoyed the largest share of real estate when measured by generation, a trend that has broadened since the 2008 financial crash and the passing away of the Silent Generation.

This share continued to expand during the COVID-19 pandemic and its aftermath, with the younger Generation X and millennial generations also widening their share of America`s housing market...

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RSK: Us late Boomers have a lot of real estate equity to pass along don`t we.