Mismatch Between Baby Boomers' Asset Consumption and Inheritance Expectations
- 1The percentage of those over 65 who went on vacation recorded 82% over the past 12 months.
- 2In a 2024 survey of US adults, the percentage of baby boomers expected to leave an inheritance was 22%.
- 3More than half of Gen Z and nearly 60% of Millennials responded that they rely on inheritance for a comfortable retirement.
So what's the key point?
Seniors over 65 are spending money by traveling on many vacations. This means younger generations are preparing for retirement by waiting for inheritances.
Source Fortune · View original ↗
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