Dramatic inheritance growth exposes financial planning wealth gap

clock • 5 min read

Younger UK generations will be depending on their inheritance as overall wealth is likely to be heavily impacted by parental assets rather than their own earnings, according to new research by the Institute for Fiscal Studies (IFS). The report, funded by the Nuffield Foundation, made projections of the inheritance to be received by the 1960s, 1970s and 1980s-born generations in the UK and found that inheritances are set to grow dramatically compared to other income. Inheritances have be...

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