Tag: baby boomers

Hand holding coins in birds nest.

Abstract Due to a changing retirement landscape, many baby boomers are likely to have insufficient resources for a secure retirement. One potential source that could improve their situation is inheritances. Using data from the Survey of Consumer Finances and the Health and Retirement Study, this study quantifies how much boomers can expect to inherit. Our…

Hand holding coins in birds nest.

The brief’s key findings are: Baby boomers could inherit about $8.4 trillion. Two-thirds of boomer households will likely receive some inheritance, with a median amount of $64,000. But inheritances are not a silver bullet: 70 percent of the estimated total represents prospective amounts. Market volatility can have a substantial impact. Boomers’ parents may pass on…