Millennials Inheritance boom expected

Millennials, born between 1981 and 2000, are expected to inherit more wealth than any previous generation, largely due to the 'Bank of Mum and Dad.' Inheritances have grown as older generations possess more assets, and this trend is set to continue with baby boomers. However, millennials may not inherit until their 60s, offering little immediate help for those struggling to enter the housing market. The inheritance boom will mainly benefit those whose parents own property, exacerbating the divide between the wealthy and the less fortunate. Governments are aware of this issue but have yet to act effectively.

What factors contribute to the expected increase in inheritances for millennials?

How does the longevity of the parents' generation affect millennials' expectations of inheritance?

What challenges do millennials face in getting onto the property ladder despite the inheritance boom?

In what ways has the inheritance boom highlighted the divide between different socioeconomic groups?

What are the implications of the inheritance boom for future generations?