An estimated $68 trillion will be transferred from U.S. households to heirs and charities over the next 25 years, and Black Americans might miss out on this transfer. According to an analysis of high net worth and ultra-high net worth markets by consulting group Cerulli Associates, by 2047 trillions will have been passed down to future generations, and due to a lag in estate planning in Black America, Blacks might not actively transfer wealth to their descendants.
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