Boomer-Owned Businesses: The Millennial’s Wealth Hack

Written by brianwallace | Published 2022/09/23
Tech Story Tags: boomer-vs-zoomer | baby-boomer | millennials | small-business | wealth-transfer | economy | business | infographic

TLDRBy 2045, Baby Boomers will have sold or passed on over $72 trillion in wealth. At least $68 trillion is expected to go to Gen X or Millennial inheritors. A large portion of that wealth is tied to the 2.3 million small businesses Boomers currently own. 1 in 8 business services, retail stores, and construction companies in the US are Boomer-owned. Boomer businesses employ 25 million people and support millions more vendors, suppliers, and gig workers.via the TL;DR App

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Written by brianwallace | Founder @ NowSourcing | Contributor at Hackernoon | Advisor: Google Small Biz, SXSW | Founder of The Innovate Summit
Published by HackerNoon on 2022/09/23