Millennials will pay taxes on the Great Wealth Transfer—and the cut is staggering. Here’s exactly how much they owe

Baby boomers are worth $93 trillion, and they’re ready to pass down inheritances. But where will that money go? It’s been called the greatest transfer of wealth in history: Baby boomers, now aged 62-80 (born between 1946 and 1964), are estimated to hold at least $93 trillion in assets, and are sitting on more money than Gen X and millennials combined. Said another way, the entire GDP of the United States was about $31 trillion in 2025—Boomers’ have three times that.