The massive boomer wealth transfer will mostly benefit the already affluent, Visa report finds

Residents may be interested in a recent report about wealth distribution. A study found that younger, affluent Americans will largely receive assets from the previous generation. The value of these transferred assets might be lower than initially thought.

Factors such as debt will reduce the overall amount passed down. Further information on this topic can be found in a report from Visa Business and Economic Insights, which provides more details on the expected wealth transfer.