Chances are you've heard about 'the great intergenerational wealth transfer'. It's all about the $3.5 trillion in wealth that the baby boomers will pass on through inheritances over the next 30 years.
An inheritance is always welcome. But for many, in our ageing society, the money won't arrive while they are saving for a home or raising a young family. The Grattan Institute found the vast majority of inheritances go to people in their 50s and 60s, by which time our biggest financial challenges tend to be behind us.
That's driving a new trend, one
