The Fox News Rundown Business Rundown: Okay, Boomer! The $85 Trillion Economic Engine
Feb 16, 2026
Nancy Tengler, CEO and Chief Investment Officer at Laffer Tengler Investments, shares investing expertise on generational wealth and retirement planning. She discusses why Baby Boomers built massive wealth, how that concentration affects the economy, policy barriers to saving, and practical steps younger people can take to prepare for wealth transfer.
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Boomers Dominating U.S. Wealth
- Baby boomers hold roughly $85 trillion and more than 70% of U.S. wealth, reshaping the economy toward older cohorts.
- This concentration raises questions about spending, inheritance, and policy as the population ages.
Clients Use Trusts To Preserve Wealth
- Nancy Tengler describes many boomers planning to pass assets intact through trusts rather than liquidating at death.
- She says clients intend to keep heirs invested so wealth remains in the market for long periods.
Set Up A Trust To Avoid Probate
- Establish basic estate planning like trusts to avoid probate delays and extra taxes.
- Nancy Tengler recommends trusts to mitigate costs and preserve access to assets for survivors.
