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Millennials will be the recipients of the largest generational shift of assets in American history — the Great Wealth Transfer, as finance types call it. Tens of trillions of dollars are expected to pass between generations in just the next decade.
And that money, like all wealth in the United States, is extremely concentrated in the upper brackets. Mr. Jacobs, whose grandfather was a founder of Qualcomm, expects to receive up to $100 million over the course of his lifetime.
