The massive boomer wealth transfer will mostly benefit the already affluent, Visa report finds The so-called "great wealth transfer" — the passing of assets from the baby boomer generation to their heirs — will primarily advantage younger Americans who are already wealthy, according to a July 2026 report from Visa Business and Economic Insights. The report challenges earlier estimates that had projected the total value of the transfer as high as $124 trillion, highlighting significant adjustments that reduce the figure substantially. Visa chief economist Wayne Best explained that the inflated figures often cited in public discourse fail to account for critical deductions, such as liabilities, retirement expenses, charitable donations, and taxes. Boomer households, despite their substantial assets, carry considerable mortgage debt, which significantly reduces the net amount available for inheritance. The report estimates that the $93 trillion in assets held by baby boomers will shrink to approximately $36 trillion in inheritable wealth after these deductions. The report explicitly excludes the wealth of the top 1% of U.S. households, defined as those with assets exceeding $13 million, as their spending habits do not represent the broader population. This exclusion means that the average inheriting household is projected to receive around $515,000. However, the report notes that only $8 trillion of the $36 trillion in transfers will be spent, as most recipients are already affluent and are expected to save or invest the remaining funds. Visa economists estimate that this $8 trillion boost to consumer spending will increase average annual growth in consumer spending by approximately 0.1 percentage points, raising it to 2.1% over the next two decades.#visa #wayne_best #visa_business_and_economic_insights #baby_boomer #visa_chief_economist
Thomas Cook India Strengthens Foreign Exchange Footprint in Assam with New Guwahati Outlet Mumbai, April 7, 2026: Thomas Cook (India) Limited, a leading omnichannel foreign exchange services provider in India, has expanded its regional presence by inaugurating a new franchise outlet in Guwahati, Assam. This marks the company’s third location in the state, following its existing presence at the Lokpriya Gopinath Bordoloi International Airport (LGBIA). The move aligns with Thomas Cook India’s strategic focus on high-growth markets in the Northeast, where demand for foreign exchange services has surged due to increasing outbound leisure travel, a growing student population, and robust business activity. The Guwahati outlet is positioned to cater to a diverse customer base, including multigenerational families, students, and working professionals, who require access to currency notes, prepaid forex cards, and student remittances. The city’s status as a gateway to Northeast India has further amplified its significance, with approximately 6 lakh passport holders contributing to a substantial and expanding traveler base. The launch of the new terminal at LGBIA is expected to boost international connectivity, further solidifying Guwahati’s role as a key forex market. The outlet offers a range of financial products and services, including prepaid travel cards in partnership with Mastercard and Visa. These include the "Borderless Travel" card, which provides access to 12 global currencies, the "FX Enterprise" card, India’s first eco-friendly forex prepaid card for business travel, and the "Study Buddy" card for overseas education. Additionally, the "Thomas Cook One Currency Card" eliminates cross-currency conversion fees, while the "Send Money Abroad" service covers over 120 countries.#guwahati #mastercard #thomas_cook_india #visa #lokpriya_gopinath_bordoloi_international_airport
D23 Day Returns to Disneyland Resort in 2026 with Fan-Focused Celebrations The D23: The Ultimate Disney Fan Event, presented by Visa, is set to return to the Disneyland Resort in 2026 with a one-day celebration titled "D23 Day at Disneyland Resort." This event, which will take place on Thursday, August 13, will bring together Disney enthusiasts for a special day of festivities, themed park activities, and exclusive experiences. The event is positioned as a continuation of the Disneyland Resort’s role as a hub for Disney fans, offering a unique opportunity to engage with the brand’s legacy and community. Key highlights of the event include the distribution of complimentary Mickey Mouse ear hats featuring the D23 Day logo to guests entering Disneyland Park and Disney California Adventure Park on the event day. These hats will be available while supplies last, starting at park opening. Additionally, both parks will host ticketed D23 fans from rope drop to late night, with a special cavalcade featuring Disney Legends—individuals recognized for their contributions to Disney’s history—and beloved Disney characters. This cavalcade is described as a must-see for fans of Disney’s rich legacy. The celebration will extend beyond the parks, with all guests holding valid theme park admission and reservations—including D23 Members and attendees of the D23: The Ultimate Disney Fan Event—invited to a resort-wide event. Details about the Disney Jr. Let’s Play! Party, which is part of the D23 Day festivities, will be announced at a later date. Admission to both Disneyland Park and Disney California Adventure Park is available for purchase to all Disney fans, with regular theme park pricing applying. However, guests must secure both a theme park reservation and admission for entry.#disneyland_resort #d23_the_ultimate_disney_fan_event #visa #disneyland_park #disney_california_adventure_park
