“Millennials on the Horizon of a Trillion-Dollar Inheritance: The State of Underinvested Homes”
In the United States, it is widely believed that the largest chunk of wealth, potentially exceeding $17 trillion, is possessed by the baby boomer generation. A significant portion of this substantial wealth is tied to their properties, which, over the past several years, have not received adequate investment. Consequently, this might imply that the oncoming generation might need to cope with a massive wave of expenses related to property refurbishment.
