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Stock impact report

How Gen X and millennials are changing the face of the traditional family office as they inherit over $80 trillion [MSNBC.com]

Oatly Group AB - American Depositary Shares (OTLY) 
Company Research Source: MSNBC.com
The "Great Wealth Transfer" is in full swing, as over $100 trillion is expected to be transfered from older generations to their heirs through 2048, according to Cerulli Associates.Goodboy Picture Company | E+ | Getty ImagesAs the baton of wealth is inherited by younger generations, the heirs of wealthy families are taking a more active role in the impact they seek to create in the world by using the traditionally monolithicfamily officegreat wealth transferreport"There's a big intergenerational wealth transfer, but the preferences of the baby boomers are starkly different from the preferences of ... millennials," Nirbhay Handa, CEO of global migration platform Multipolitan, toldCNBC Make It"Now you have this younger generation which really believes that profit and progress should go hand in hand," Handa said.Millennials (ages 27 to 42) and Generation X (ages 43 to 58) stand to be the biggest beneficiaries of the wealth transfer, and are expected to inherit about $85 trillion between Show less Read more
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