Many members of Generation X are planning their retirement around an expected inheritance, but this assumption is increasingly unreliable. A significant portion of households do not receive inheritances, and those that do often receive much less than anticipated, with wealth concentrated among the richest. Furthermore, the average age of inheritance is rising due to increased longevity, meaning the funds arrive later in life when they are less impactful for compounding or major life decisions. The cost of long-term care for aging parents also heavily depletes estates before they can be passed on, leaving little for heirs. AI
RANK_REASON Opinion piece discussing financial planning assumptions.
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