ilmscore | WARNING: The Biggest Wealth Transfer in History Is Coming

WARNING: The Biggest Wealth Transfer in History Is Coming

Published: 2022-01-05
Status: Available | Analyzed

Predictions from this Video

Total: 11
Correct: 0
Incorrect: 0
Pending: 11
Unrated: 0
Prediction
Topic
Status
Millennials are predicted to become the wealthiest generation on record, despite currently owning only 5% of US wealth.
"Millennials own just five percent of all U.S wealth however that's about to change because they are soon going to become the wealthiest generation on record"
Millennial Wealth
Pending
An estimated $60 trillion in wealth will be transferred to Millennials, comprising $20T in stocks/funds, $15T in real estate, and $21T in other assets like heirlooms and cash.
"20 trillion dollars is going to come in the form of corporate equities and mutual fund shares... Almost 15 trillion dollars is held in the form of real estate... and the remaining 21 trillion dollars Falls within the other category like family heirlooms art cash Collectibles"
Inherited Assets
Pending
Privately owned businesses valued at $21 trillion are expected to be transferred during the wealth transfer.
"the value and transfer of privately owned and operated businesses which make up 21 trillion dollars of that total amount"
Business Transfer
Pending
The landscape of small businesses is predicted to undergo significant changes over the next 10-30 years due to business transfers.
"over the next 10 to 30 years the entire landscape of small business is going to change"
Small Business Landscape
Pending
38% of Millennials would prefer to spend money now rather than save it, which is expected to stimulate economic activity.
"38 percent would rather spend money now than save it"
Millennial Spending Habits
Pending
The transfer of wealth from a saving-oriented generation to a spending-oriented Millennial generation is predicted to create an economic boom.
"money being moved from the hands of a generation with a high intensity to hoard and save wealth to a generation where 38 percent would rather spend money now than save it it's going to create some type of Boom"
Economic Impact of Wealth Transfer
Pending
The 'stepped-up tax basis' loophole for inherited investments is likely to be eliminated in the future.
"this stepped up tax basis loophole is probably going to be eliminated at some point"
Stepped-up Tax Basis Loophole
Pending
A significant majority of families are predicted to lose their inherited wealth by the second (70%) and third (90%) generations.
"70 percent of families lose their wealth by the second generation and ninety percent lose their wealth by the third generation"
Generational Wealth Loss
Pending
The economy is expected to continue shifting towards green energy, solar, EV, social media, and coffee shop industries, influenced by Millennial values.
"we're likely to continue moving towards green energy solar Tech electric vehicles social media and designer coffee shops"
Future Economic Trends
Pending
Millennials prioritizing cash over stocks could lead to a surge in demand for alternative assets, such as cryptocurrency.
"when millennials for cash over stocks that could lead to a surge in alternative assets like maybe cryptocurrency"
Alternative Assets
Pending
Inheritances above $11 million (soon to be $5.5 million in 2026) will be subject to IRS taxes.
"taxes are inevitable for inheritances above 11 million dollars and soon to be five and a half million dollars in 2026"
IRS and Inheritance Tax
Pending