While an “inheritance boom” has been predicted for decades, it’s unlikely Millennials will see it. 

While an “inheritance boom” has been predicted for decades, it’s unlikely Millennials will see it. Boomers (65-years-old and above) hold half of the total wealth in America, and many assume that money will transfer down into the family when they die—something of a “Great Boomer Wealth Transfer.” But that’s likely not the reality; their assets will likely be used for care needs before the end of their life, rather than be left as an inheritance. And those who do receive an inheritance are likely to be those who already have money—as a University of Pennsylvania study found, Americans “in the top 5% of earners had an 11.2% chance of receiving an inheritance in [any] five-year period,” nearly +4pts higher than the rest. YPulse data shows that amongst Millennial parents, only 11% say saving for their children is their biggest financial priority right now. (Business Insider)