As the "great wealth transfer" unfolds over the next two decades, it's estimated that trillions of dollars will be passed down from older generations to younger ones.
The study reveals that half of Americans expect to receive an inheritance, with 33% anticipating between $100,000 and $499,999, indicating significant financial expectations.
Interestingly, parents aiming to leave inheritances have set their ambitions higher than before, with a median goal of $200,000, reflecting changing attitudes toward wealth.
With 42% of parents still financially supporting their adult children, the threshold for financial independence is clearly rising amid ongoing inflation and cost of living concerns.
#wealth-transfer #inheritance #financial-independence #generational-trends #edelman-financial-engines
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