A profound demographic shift is underway. As the baby boomer generation retires, companies around the world are preparing for a change of ownership. In the US alone, an estimated $84 trillion will be transferred to the next generation by 2045 – the so-called silver transition. Much of this wealth will be tied up in businesses since half of all private companies in the US are owned by people approaching retirement.
What is the silver transition and how is it reshaping business succession planning?
