Baby-boomer booty

Richman, Louis S.
October 1994
Fortune;10/31/1994, Vol. 130 Issue 9, p35
Claims that the great transfer of wealth from elderly parents to their middle-aged baby-boomer children will not be as large as figures reported in the media. Analysis of a recent estimate by Cornell University economists that the baby-boomers will inherit as much as $10.4 trillion; Why the figure should really be closer to $4.8 trillion; How baby-boomers would spend their inheritance.


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