TRANSFER OF WEALTH

The Central Statistics Office estimates that the number of people over the age of 65 will increase from 620,000  people in 2016, to around 1,600,000 in 2051. Even in the ten years from 2016 to 2026, this represents a 22% increase in the population aged 65+. 

This group is expected to transfer $30 trillion dollars to the next generation between now and 2050.   

This video tells the story of the estimated transfer of wealth in Worcester County and the impact it could have on society’s most persistent problems if 5% of the wealth transfer were gifted to charitable causes.