$90 trillion wealth transfer over 2 decades sees generational divide in investment strategies, with younger generations favoring alternative investments and cryptocurrencies.
In a historic wealth transfer of $90 trillion over the next two decades, financial institutions are preparing to support clients as projected inheritors have varied investment plans and communication preferences. With 28% of affluent investors expecting to inherit wealth, there's a generational divide among them, as younger generations (Gen Z, Millennials) believe it's no longer possible to achieve above-average returns solely from traditional stocks and bonds, with 33% of their portfolios dedicated to alternative investments and cryptocurrencies. This contrasts with older generations who allocate only 6% into these categories.
June 18, 2024
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