Boomers may end up being the first generation to spend a larger share of their wealth on themselves rather than passing it down.


For decades, younger Americans were told to work hard and wait for the biggest wealth transfer in history.
Now, with roughly $84 trillion concentrated in older generations, many retirees are choosing to spend their savings, tap their home equity, and enjoy retirement instead of preserving wealth for their children.
Is that their right?
Or does a society become weaker when each generation stops trying to leave the next one better off?
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