How much of that wealth is tied up in home equity? Unless people want to move into their dead parents houses you have millions of millennials trying to sell their dead parents houses to each other, but no one can afford to buy them, and the values drop.
Either that or private equity firms buying all the nursing homes siphon off the wealth transfer as the boomers wither away.
> How much of that wealth is tied up in home equity?
Home equity is often the first real wealth American families accrue.
Most of the time, by the time a parent dies, the children all have homes already.
> private equity firms buying all the nursing homes siphon off the wealth transfer as the boomers wither away
The defense for this are living wills and trusts that transfer wealth from the elder and shift the burden to public insurance (Medicare). Most of the senior care world is grifting off of government money.
Either that or private equity firms buying all the nursing homes siphon off the wealth transfer as the boomers wither away.