Expecting an inheritance? Don’t – only a fifth of Boomers plan to part with their cash

Higher priorities are travel and spending time with loved ones, with even those on the highest household incomes shunning inheritances

Family arguing over inheritance
Expecting an inheritance? Don’t – only a fifth of Boomers plan to part with their cash
(Image credit: Milorad kravic)

Family members anticipating an inheritance could find themselves disappointed. The vast majority of Baby Boomers have said leaving money behind is not a priority, according to a survey.

Trillions of dollars are estimated to be transferred from Baby Boomers across the US, Europe, and developed Asia to younger generations in coming decades, under what is being dubbed The Great Wealth Transfer.

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Laura Miller

Laura Miller is an experienced financial and business journalist. Formerly on staff at the Daily Telegraph, her freelance work now appears in the money pages of all the national newspapers. She endeavours to make money issues easy to understand for everyone, and to do justice to the people who regularly trust her to tell their stories. She lives by the sea in Aberystwyth. You can find her tweeting @thatlaurawrites