The part that seems to keep getting missed with the expectation of this "great transfer" are the costs associated with boomer medical care and elderly care. When assisted living costs as much as $10K a month, and more with dementia support, there's not going to be much left to pass onto the kids. And the fact that seniors are now living well into their late 80s and even 90s stretches out that cost driver even more. Good luck with any inheritance being left. It transferred alright, to senior care corporations.