Additional Lifetime Giving of $20.6 Trillion, Say Boston College Researchers
An astonishing opportunity exists now and over a 50-year period ahead with the abundant American wealth present for philanthropic work, even after the setback of the recent catastrophic recession. This wealth arose from the unique conditions of post-World War II economic growth, productivity gains from immigrants and women entering the workforce, and a mindset of saving and investing by those who vowed their families would never again experience hardship or hunger.
An estimated $59 trillion —divided among heirs, charities, estate taxes and estate closing costs—will be transferred from 93.6 million American estates from 2007 to 2061, in the greatest wealth transfer in U.S. history.
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