How important are inheritances for baby boomers?

Munnell, Alicia Haydock, Anthony Webb, Zhenya Karamcheva, and Andrew Eschtruth. “How important are inheritances for baby boomers?”. Issue in Brief 11-1, Chestnut Hill, Mass.: Center for Retirement Research at Boston College, January 2011. http://hdl.handle.net/2345/bc-ir:104190.
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Abstract

The brief's key findings are: (1) Baby boomers could inherit about $8.4 trillion. (2) Two-thirds of boomer households will likely receive some inheritance, with a median amount of $64,000. (2a) But inheritances are not a silver bullet: (2a1) 70 percent of the estimated total represents prospective amounts. (2a2) Market volatility can have a substantial impact. (2a3) Boomers' parents may pass on less if their own retirement needs are greater than expected.

Title
How important are inheritances for baby boomers?
Author
Munnell, Alicia Haydock
Webb, Anthony
Karamcheva, Zhenya
Eschtruth, Andrew
School
Carroll School of Management
Discipline
Finance
Center
Center for Retirement Research
Genre
report
Date Issued
January 2011
Publisher
Center for Retirement Research at Boston College
Series Title
Issue in Brief
Series Number
11-1
Version Identification
Version of record.
Persistent Link
http://hdl.handle.net/2345/bc-ir:104190
Use Restrictions
These materials are made available for use in research, teaching and private study, pursuant to U.S. Copyright Law. The user must assume full responsibility for any use of the materials, including but not limited to, infringement of copyright and publication rights of reproduced materials. Any materials used for academic research or otherwise should be fully credited with the source. The publisher or original authors may retain copyright to the materials.
Subject
Financing retirement

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