Visa Says $93 Trillion Wealth Transfer Will Enrich Top 10% Families

3 articles · Updated · Wealth Management · Jul 14

$93 trillion in boomer assets is set to flow unevenly, with nearly three-quarters of expected heirs already in the top 10% by household net worth, Visa said.
Less than 40% of that headline figure—about $36 trillion, or roughly $515,000 per inheriting household—will actually reach younger generations after debt, retirement spending, taxes, fees and charitable giving.
High-income heirs are also less likely to spend inheritances quickly, steering more of the windfall into savings, investments and property rather than immediate consumption.
Gen Z and millennial households are still expected to spend about $8 trillion on housing, travel, transportation and retail, while banks and wealth managers stand to benefit as more assets stay invested.