Inherit the Wind; There's Little Else Left

TitleInherit the Wind; There's Little Else Left
Publication TypeNewspaper Article
Year of Publication2006
AuthorsPorter, E
NewspaperNew York Times
EditionLate Edition (East Coast)
Issue DateMarch 26, 2006
CityNew York, N.Y
KeywordsAdult children, Consumption and Savings, Demographics, Net Worth and Assets, Retirement Planning and Satisfaction
Abstract

The latest numbers confirm that a vast majority of baby boomers cannot count on an inheritance to help them out of their jam. Even as the total pile of wealth passed down the generations has increased sharply, the inheritance received by a typical American has declined. The shift can be explained in part by demographics changes, but also by the changing nature of old age (life expectancy has increased) and retirement financing (rather, the lack of it). [The article quotes a paper by Hurd and Smith, based on the Health and Retirement Study]

Endnote Keywords

Personal finance/Retirement planning/Baby boomers/Older people/Wealth/Inheritances

Endnote ID

62599

Short TitleInherit the Wind; There's Little Else Left
Citation Key8459