Big payday is on the horizon for Gen X

 If you’re a Gen Xer, your retirement prospects may get a boost from a major transfer of wealth that's on the horizon.

Members of the so-called forgotten generation — now aged 45 to 60 — stand to receive $1.4 trillion annually over the next decade, according to a new report from Cerulli Associates, as their baby boomer parents get older and die.

The report notes that while millennials will still inherit the most money over the next 25 years, totaling $45.6 trillion, Gen X members will receive more money than any other generation in the near term.

“The boomers really have created more wealth than any other generation in US history,” Bradley Schurman, author of The Super Age, who was born in 1974, told Yahoo Finance. “And younger Gen Xers and early millennials are going to be the ones that get the first wave of this from their parents.”

https://finance.yahoo.com/news/a-big-payday-is-on-the-horizon-for-gen-x-121102862.html