Even a small chunk of $ 100 billion is a lot of money.
But a shard of nearly $ 1 trillion?
It could make a huge difference in the communities of Nebraska.
Historic amounts of wealth will be transferred from one Nebraska generation to the next over the coming decades, according to a study released this week by the Nebraska Community Foundation. And if families bequeath a small percentage to their communities, the effect could be transformational, according to the foundation.
Over the next 10 years, Nebraska families will transfer approximately $ 100 billion in assets from one generation to the next, said Jeff Yost, president and CEO of the foundation. Over the next 50 years, the amount is estimated to be over $ 950 billion, he said.
Wealth can be held in real estate, securities, retirement accounts and other assets, according to the foundation.
It is the largest intergenerational transfer of wealth in Nebraska history, Yost said. It is part of a national tidal wave resulting from the deaths of baby boomers and their parents.
If these Nebraskans bequeath only 5% of their wealth to their hometowns, they could position communities to thrive despite the uncertainties that await them, he and others say.