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Boomers’ massive wealth will mostly be passed down to people who are already rich

 What to know

Baby boomers will transfer $36 trillion to Gen X and millennial heirs over 20 years, mostly benefiting those already wealthy, according to Visa Business and Economic Insights. The Great Wealth Transfer will see $8 trillion spent in the economy. Wealthier heirs are likely to invest rather than spend, potentially widening wealth gaps, Visa's analysis shows.

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