Boomer-Owned Businesses: The Millennial’s Wealth Hack

By 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.