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#Millennials waiting for a $124 trillion inheritance
Millennials and Gen Z are waiting for a big payday.
The amount: $124 trillion.
It’s the largest intergenerational transfer of wealth in history.
Will they get to see it?
The UK travel association Abta has a figure.
82% of people over 65 plan a trip every year.
They’re spending on cruises, ski holidays, and long-haul vacations.
The British media have coined a term for this behavior:
“ski-ing.”
It means spending the money your children are set to inherit.
The numbers add up.
Older people are living longer, and spending on healthcare and travel is rising.
Inheritance tax rules are also changing people’s decisions.
Travel spending hit a new high this year.
Young people have high expectations for this money.
What they actually receive could be a lot less.
The UK’s inheritance tax threshold hasn’t changed in years.
As house prices rise, more people are caught by it.
Inflation also eats away at the money.
Squeezed by both taxes and inflation,
travel budgets keep getting bigger year after year.
For crypto, a shrinking inheritance could make young people more willing to take risks.
How much of this money do you think will actually get passed down? Let’s talk in the comments.
#Millennials waiting for a $124 trillion inheritance
Millennials and Gen Z are waiting for a big payday.
The amount: $124 trillion.
It’s the largest intergenerational transfer of wealth in history.
Will they get to see it?
The UK travel association Abta has a figure.
82% of people over 65 plan a trip every year.
They’re spending on cruises, ski holidays, and long-haul vacations.
The British media have coined a term for this behavior:
“ski-ing.”
It means spending the money your children are set to inherit.
The numbers add up.
Older people are living longer, and spending on healthcare and travel is rising.
Inheritance tax rules are also changing people’s decisions.
Travel spending hit a new high this year.
Young people have high expectations for this money.
What they actually receive could be a lot less.
The UK’s inheritance tax threshold hasn’t changed in years.
As house prices rise, more people are caught by it.
Inflation also eats away at the money.
Squeezed by both taxes and inflation,
travel budgets keep getting bigger year after year.
For crypto, a shrinking inheritance could make young people more willing to take risks.
How much of this money do you think will actually get passed down? Let’s talk in the comments.