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The greatest wealth transfer in history is here, with familiar winners

By Talmon Joseph Smith & Karl Russell
New York Times·
11 mins to read

An intergenerational transfer of wealth is in motion in America — and it will dwarf any of the past.

Of the 73 million baby boomers, the youngest are turning 60. The oldest boomers are nearing 80. Born midcentury as US birthrates surged in tandem with an enormous leap in prosperity after the Depression and World War II, boomers are now beginning to die in larger numbers, along with Americans older than 80.

Most will leave behind thousands of dollars, a

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