Great Wealth Transfer
Coverage of Great Wealth Transfer in the Nexus archive.
- Wealth is going ‘woke,’ says UBS: Rich people are now ‘younger, more female—and more openly queer,’ thanks to the Great Wealth Transfer
UBS reports that the Great Wealth Transfer will shift wealth demographics toward younger, more female, and openly queer individuals over the next two decades, with $80 trillion expected to be transferred. LGBTQ+ and women investors are projected to influence investment strategies and capital costs as they inherit larger portions of family wealth.
- Even as Elon Musk calls philanthropy ‘very hard,’ every day Americans gave a record $617 billion—despite feeling the squeeze over the cost of living
U.S. charitable giving reached a record $617.2 billion in 2025 despite inflation and economic pressures, driven by individual donations, foundation contributions, and increased bequests. The rise in bequests, linked to strong financial markets, signals the start of the Great Wealth Transfer, with $124 trillion projected to shift to younger generations by 2048.
- How the great wealth transfer is rattling Wall Street
Tens of trillions of dollars are being transferred between generations, causing disruption in traditional financial advisory relationships as younger heirs show little loyalty to established advisers.
- American giving hit $617 billion in 2025 — and the Paul Allen effect exposes who’s really driving it
U.S. charitable giving reached $617 billion in 2025, a 3% increase driven by growth in bequests and foundation donations. Charitable bequests rose 16.6% to $62 billion, partly due to strong stock market performance, while foundation giving hit an inflation-adjusted record of $117 billion. Paul Allen’s estate contributed $3.1 billion in 2025 through a bequest.
- Donors gave U.S. charities $617 billion in 2025, according to the new Giving USA report
U.S. charities received $617 billion in donations in 2025, a 3% inflation-adjusted increase from the previous year, driven by strong market performance and increased giving across all donor categories. Bequests rose 17%, signaling the start of the Great Wealth Transfer as baby boomers pass wealth to heirs and charities.