C.J. Dixon was recently published in Kiplinger
What Not to Do After Inheriting Wealth: 4 Mistakes That Could Cost You Everything
Financial windfalls are a dangerous blessing. A settlement, lottery winnings, or an inheritance are just a few ways you can find yourself suddenly wealthier than you were the day before. But many have found that losing wealth can come almost as quickly as gaining it.
Millions of Americans could face this issue over the next few decades as a result of the Great Wealth Transfer. According to SmartAsset, Americans over the age of 55 currently control nearly 75% of the country’s wealth, and Baby Boomers alone carry more than 50% of it.
That wealth — estimated to be between $84 trillion (about $260,000 per person) and $124 trillion (about $380,000 per person) — will transfer primarily to Gen X and Millennials over the next 20 to 30 years. Women are expected to control a substantial portion of this wealth due to their longer life expectancies.
The article was published in January 2026. Oxford has paid for publication and marketing materials related to this article.
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