Special Encore: An Unprecedented Wave of Inheritances Is Coming

<p>Original Release Date: October 10, 2025</p><p>Our U.S. Thematic and Equity Strategist Michelle Weaver discusses how the largest intergenerational wealth transfer in history could reshape saving, spending and investment behavior across America.</p><p>Read more&nbsp;<a href="https://www.morganstanley.com/insights?cid=mg-SM_CORP-insights-17607" rel="noopener noreferrer" target="_blank">insights</a>&nbsp;from Morgan Stanley.</p><p><br></p><p>----- Transcript -----&nbsp;&nbsp;&nbsp;</p><p>&nbsp;</p><p><strong>Michelle Weaver:</strong>&nbsp;Welcome to Thoughts on the Market. I'm Michelle Weaver, Morgan Stanley's U.S. Thematic and Equity Strategist.</p><p>Today, a powerful force reshaping the financial lives of millions of Americans: inheritance.</p><p>It's Friday, October 10th at 10am in New York.</p><p>Americans are living longer and they're passing on their wealth later. Longevity is one of Morgan Stanley Research's four key themes, and this is an interesting element of longevity. As ba...