2021-2050: Boomers to leave $224bn annual inheritance, totaling $1.4 trillion in 20 years; highest intergenerational wealth transfer.
Boomers are projected to leave behind $224bn in inheritance annually until 2050, with Australians accumulating more wealth. This is double the amount from 2002, totaling almost $1.4 trillion in inheritance over the past 20 years. While this may seem like a desirable situation, it can create complex feelings when receiving an inheritance. The current era is witnessing the highest level of intergenerational wealth transfers.
June 01, 2024
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