In “Boomers at 80: Why The ‘Great Wealth Transfer’ May Never Come,” journalist Aliss Higham explores what happens as the oldest Baby Boomers reach age 80, and why the long-anticipated transfer of wealth to younger generations may look very different than many expect. The article, featured in Newsweek, examines how decades of economic tailwinds helped Boomers amass historic levels of wealth, while longer lifespans, rising healthcare costs, and housing dynamics are reshaping how that wealth is ultimately used, preserved, or passed on.
Our Chief Investment Officer and CEO, Steven Rogé, adds important perspective by explaining how a unique combination of wage growth, accessible homeownership, favorable tax policy, and long-term market expansion positioned Boomers to become the wealthiest generation in U.S. history. He also highlights the contrast facing younger generations today, who contend with higher housing costs, slower income growth, and heavier debt burdens, factors that shorten their ability to compound wealth over time. Steven’s insights help frame why much of the so-called “great wealth transfer” may be absorbed by healthcare expenses, caregiving needs, and structural realities before it ever reaches the next generation, underscoring the importance of thoughtful, forward-looking planning for families on both sides of the equation.
To view the full article, click here.
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R.W. Rogé & Company, Inc. is an independent, fee-only financial planning and investment management firm serving clients locally and virtually across the country, with Long Island, New York, and Beverly, Massachusetts office locations. R.W. Rogé & Company, Inc. was founded on a “client first” culture and proudly commits to acting in your best interest as a fiduciary. We have helped clients Plan, Achieve, and Live® the life they want since 1986. To learn more about how we do this, as well as our process, explore our detailed overview of services and approach.
