Great Wealth Transfer
Great Wealth Transfer proper noun: the gradual movement of money from baby boomers (people born in the mid-1940s to mid-1960s) to younger generations, either given as gifts or passed on through inheritance.
Proper noun
the Great Wealth Transfer
- The gradual movement of money from baby boomers (people born in the mid-1940s to mid-1960s) to younger generations, either given as gifts or passed on through inheritance.
- In a paper titled “Planning For The Great Wealth Transfer,” David L. Babson & Co. Inc. points out the transfer may not go as smoothly as expected unless those passing the money down prove to be as adept at unloading money as they were at making and saving it.[1992 July 5, Dick Marlowe, “Tax Bite Threatens Americans’ Inheritance”, in Orlando Sentinel, page D1
- The Great Wealth Transfer – as it is breathlessly called by financial advisers, estate lawyers, tax collectors, philanthropy directors and assorted “wealth counselors” – will be a steady, soaking rain for decades. A 1999 report by the Social Welfare Research Institute at Boston College estimated...2003 June 8, Stephen Dubner, “Suddenly Popular”, in New York Times Magazine, page 68
Questions about Great Wealth Transfer
- What does Great Wealth Transfer mean?
- Great Wealth Transfer means the gradual movement of money from baby boomers (people born in the mid-1940s to mid-1960s) to younger generations, either given as gifts or passed on through inheritance.
- What part of speech is Great Wealth Transfer?
- Great Wealth Transfer is a proper noun.
Words near Great Wealth Transfer in the dictionary
Source and license
Adapted from Wiktionary: Great Wealth Transfer (page history and authors). Text available under the Creative Commons Attribution-ShareAlike 4.0 license. Word.ws reformatted the entry and added links. Wiktionary data of 2026-09-02.
Last updated:
Cite this entry: “Great Wealth Transfer.” Word.ws, https://word.ws/great_wealth_transfer. Based on Wiktionary, CC BY-SA 4.0.