Skip to main content

Secondary navigation:

Wealth Transfer Report

center on wealth and philanthropy

January 06, 2003

The Largest Intergenerational Wealth Transfer in History is Still Valid

Despite the economic downturn and the fall of the equity markets, the nationally noted projection that a wealth transfer of at least $41 trillion will take place in the United States by the year 2052 remains valid.

Following a thorough review of our 1999 report "Millionaires and the Millennium: New Estimates of the Forthcoming Wealth Transfer and the Prospects for a Golden Age of Philanthropy," we conclude in our new report "Why the $41 Trillion Wealth Transfer Estimate is Still Valid: A Review of Challenges and Questions," that its projections have not been significantly affected by recent and prevailing economic conditions.

The current report reviews the validity of the $41 trillion estimate in light of recent economic conditions, as well as several other critical challenges. While the new commentary does not explicitly deal with the middle- and upper-growth scenarios, the arguments made in support of the $41 trillion estimate often apply to the higher estimates. The principal conclusion is that the $41 trillion estimate remains valid as a 2% growth estimate, even in light of recessionary growth, depressed stock market, and several other criticisms discussed in the new report.

[The complete report "Why the $41 Trillion Wealth Transfer is Still Valid: A Review of Challenges and Questions" was published in The National Committee on Planned Giving's The Journal of Gift Planning. Vol. 7, no. 1, 1st Quarter 2003. pp. 11-15, 47-50.]

Download Report (PDF, 143kb)