Great Wealth Transfer
(economics, USA) The gradual movement of money from baby boomers (people born in the mid-1940s to mid-1960s) to younger generations, either given as gifts or passed on through inheritance.
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(economics, USA) The gradual movement of money from baby boomers (people born in the mid-1940s to mid-1960s) to younger generations, either given as gifts or passed on through inheritance.
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Families that have been wealthy for generations or members of such families.
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The behaviours and attitudes of baby boomers.
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(sometimes, capitalized, US, Canada) A person born in the postwar years, generally considered in the United States and other Allied countries as between 1946 and the early 1960s.
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Persons or families that have recently become wealthy.
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Aesthetic associated with inherited wealth and quiet, traditional luxury — Ralph Lauren, sailing, equestrian. Counterpoint to "new money" flash. Closely related to "quiet luxury."