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St. Louis Metropolitan Area Wealth Transfer Estimates

center on wealth and philanthropy

The Center on Wealth and Philanthropy has developed and tested a new methodology that enables the estimation of the transfer of personal wealth from 2001 through 2055 for states and large metropolitan areas. Analogous to its national estimate of $41 trillion of wealth transfer, the state and metropolitan area estimates are developed by microsimulation for 2% low growth, 3% medium growth, and 4% high growth scenarios.

Like their national counterpart, the state and metropolitan area estimates are derived from an expanded and updated 2004 Wealth Transfer Microsimulation Model (WTMM) developed and housed at the Center. Using 10-year intervals the expanded model estimates the number and value of final estates (i.e., estates without a surviving spouse) and their distribution among estate fees, charitable bequests, estate taxes, and heirs - all cross-tabulated by categories of net worth of the final estates. The expanded model also estimates the number of millionaires spawned from the 2001 population and the value of their wealth at the end of each reporting decade.

At the invitation of the St. Louis Metropolitan Association for Philanthropy, the Center recently applied this localized method to the St. Louis area. The technical background and published reports are available for download, as is information about this new service.

Wealth Transfer Estimate Service

Download Technical Background Report

Download Published Report