4.7 • 9.2K Ratings
🗓️ 3 June 2025
⏱️ 10 minutes
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0:00.0 | NPR. There's all this money moving through the economy, and a big chunk of it comes from |
0:16.2 | someplace we don't talk about that much. It's money that's inherited or passed down or whatever you want to call it. |
0:22.6 | Over about the next quarter century, $124 trillion is expected to change hands that way. |
0:29.4 | That's like five times the size of the GDP. |
0:32.3 | Now, that money is supposed to end up in very specific hands. |
0:36.0 | $18 trillion is expected to go to charity, |
0:39.0 | $40 trillion to widowed women, baby boomer and older. |
0:42.7 | Millennials, you can expect the most at $46 trillion. |
0:46.1 | And which groups get the money could have all these implications for how it's invested or spent. |
0:51.0 | But most of the time, those transfers don't happen successfully. There's this one thing that seems to keep tripping families up every time. A focus on assets, not relationships. |
1:04.1 | Everybody focuses on estate planning. They focus on preservation of the wealth. They focus on tax strategies. They focus on growing the wealth. |
1:12.5 | But yet the biggest risk is often the family itself. |
1:18.7 | You know, when you don't talk to your loved ones about death and money, these super popular |
1:24.4 | subjects. So much fun. It's a romp. This is the indicator from Planet Money. I'm |
1:29.3 | Waylon Wong. And I'm Sally Herships. Thanks for having me back. Today on the show, we look at the |
1:34.7 | uncomfortable side of estate planning and what happens when it's overlooked. |
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