Trillion

$31,000,000,000,000 To Be Passed Down by 2033 in Great Wealth Transfer – But Millennials and Gen Z Will Have To Wait Longer To Benefit: Think Tank

June 23, 2024 The Daily Hodl

Daily Hodl

A new report finds that Generation X is about to receive its cut of an unprecedented generational transfer of wealth. Gen X, or those born between the mid-1960s and the early 1980s, are set to inherit roughly $31 trillion in wealth from their predecessors by 2033, according to a report from people intelligence think tank […]

The post $31,000,000,000,000 To Be Passed Down by 2033 in Great Wealth Transfer – But Millennials and Gen Z Will Have To Wait Longer To Benefit: Think Tank appeared first on The Daily Hodl.

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US National Debt Hits All-Time High of $34,667,000,000,000 As CBO Warns Rising Debt Will Reduce Americans’ Income

June 7, 2024 The Daily Hodl

US National Debt Hits All-Time High of ,667,000,000,000 As CBO Warns Rising Debt Will Reduce Americans’ Income

CBO

The US national debt just hit a new all-time high of $34.667 trillion. New numbers from the Treasury Department’s Debt to the Penny system show the country’s national debt reached the milestone on Friday, May 31st. That’s a $677 billion increase from the start of 2024, when the nation’s debt stood at $33.990 trillion. The […]

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$2,000,000,000,000 – $3,000,000,000,000 Wealth Transfer Happening This Year As ‘Largest Move of Assets in World History’ Approaches Climax: Report

May 4, 2024 The Daily Hodl

Assets

Big Four accounting firm Ernst & Young (EY) says the greatest transfer of wealth in human history is in motion, with trillions of dollars in assets passed down this year. In its Global Wealth Management Industry Report, EY estimates baby boomers will hand down up to $3 trillion in assets to their kin this year. EY […]

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$90,000,000,000,000 Transfer of Wealth To Gen Z and Millennials Is ‘Tempting Target’ for Governments Amid Soaring Debt: Report

April 26, 2024 The Daily Hodl

Daily Hodl

A multi-trillion dollar transfer of wealth from baby boomers to their brethren has become a “tempting target” for taxation, according to a new report. The transfer, which is estimated to reach $90 trillion in the US alone, has sparked a new and urgent political debate on inheritance taxes, reports the Financial Times. “With even the […]

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US National Debt To Shatter $141,000,000,000,000 As Massive Borrowing Threatens Dollar’s Reserve Currency Status Over Next Three Decades: CBO

April 12, 2024 The Daily Hodl

US National Debt To Shatter 1,000,000,000,000 As Massive Borrowing Threatens Dollar’s Reserve Currency Status Over Next Three Decades: CBO

Daily Hodl

The Congressional Budget Office (CBO) projects deficits will run wild as the US national debt surpasses a staggering $141 trillion by the year 2054. In a new budget outlook report, the non-partisan federal agency estimates that the United States’ GDP will reach $85.2 trillion in three decades, but that debt will be 166% of that, […]

The post US National Debt To Shatter $141,000,000,000,000 As Massive Borrowing Threatens Dollar’s Reserve Currency Status Over Next Three Decades: CBO appeared first on The Daily Hodl.

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$90,000,000,000,000 Transfer of Wealth Is Underway – Along With ‘Debt After Death’ Tidal Wave: Report

April 5, 2024 The Daily Hodl

Boomers

An estimated $90 trillion transfer of wealth is now underway as baby boomers begin to give assets to their children – and a new survey shows a massive transfer of debt is happening at the same time. A whopping 46% of Americans expect to pass on some form of debt when they pass away, according […]

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1,000 Billionaires Begin $5,200,000,000,000 Transfer of Wealth – And the ‘Heirs To Billionaires’ Have Their Own Ambitions: Report

March 31, 2024 The Daily Hodl

1,000 Billionaires Begin ,200,000,000,000 Transfer of Wealth – And the ‘Heirs To Billionaires’ Have Their Own Ambitions: Report

Daily Hodl

An astonishing and historic transfer of wealth among the world’s super rich is accelerating, according to a new report. More than 1,000 billionaires are moving an estimated $5.2 trillion to their brethren at an increasing pace, says Swiss banking giant UBS in its latest “Billionaire Ambitions” report. The transfer, which is expected to last for […]

The post 1,000 Billionaires Begin $5,200,000,000,000 Transfer of Wealth – And the ‘Heirs To Billionaires’ Have Their Own Ambitions: Report appeared first on The Daily Hodl.

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$90,000,000,000,000 Transfer of Wealth Will Be Worthless for Many Due To Single Overwhelming Expense: Report

March 10, 2024 The Daily Hodl

Boomers

A massive transfer of wealth from baby boomers to their brethren is underway, but a look at the numbers shows many people will not receive what they expect. The “overwhelming” cost of health care will drain the wealth of most boomers before it can be handed over to Gen Xers and Millennials, according to an […]

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$8,800,000,000,000 ‘Pile of Cash’ Has Wall Street Anticipating Major Market Rally: Report

March 8, 2024 The Daily Hodl

Daily Hodl

Wall Street is closely watching an $8.8 trillion pile of cash that could quickly fuel a major market rally, according to a new report. Investors are anticipating a seismic shift in the trillions of dollars that has piled up in money markets, reports the Wall Street Journal. Capital poured into money market funds over the […]

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$90,000,000,000,000 Transfer of Wealth Begins, Creating Richest Generation in Human History: Report

March 2, 2024 The Daily Hodl

Boomers

A seismic shift of wealth is beginning in the US, which will create the richest generation in recorded history, according to a new report. The global real estate consultancy firm Knight Frank is releasing its 2024 Wealth Report, and it finds boomers will hand $90 trillion in assets to millennials over the next 20 years, […]

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