Back to today’s briefing

Story perspectives

Young Heirs Push Rapid Philanthropy Amid $124T Transfer, Inequality

6/27/2026

42 3 Full Breakdown

Summary

Story summary

Younger U.S. heirs urge families to speed up giving as $124 trillion will transfer by 2048.
Melissa Stevens of the Milken Institute says rising inequality and scrutiny raise philanthropy stakes.
Oxfam reports billionaire wealth rose more than 16% last year to $18.3 trillion.
A 2026 Pew survey finds nearly one-third of 18-29-year-olds view extreme riches as immoral, versus 10% of those 65 and older.

1 of 1

Story summary

Younger U.S. heirs urge families to speed up giving as $124 trillion will transfer by 2048.
Melissa Stevens of the Milken Institute says rising inequality and scrutiny raise philanthropy stakes.
Oxfam reports billionaire wealth rose more than 16% last year to $18.3 trillion.
A 2026 Pew survey finds nearly one-third of 18-29-year-olds view extreme riches as immoral, versus 10% of those 65 and older.