Millennials Inheritance boom expected

Millennials, born between 1981 and 2000, are expected to inherit more wealth than any previous generation, largely due to the 'Bank of Mum and Dad.' Inheritances have grown as older generations possess more assets, and this trend is set to continue with baby boomers. However, millennials may not inherit until their 60s, offering little immediate help for those struggling to enter the housing market. The inheritance boom will mainly benefit those whose parents own property, exacerbating the divide between the wealthy and the less fortunate. Governments are aware of this issue but have yet to act effectively.

What is the primary reason millennials are expected to inherit more than previous generations?

• Higher salaries for millennials

• Increased government support for young people

• The wealth accumulated by the baby boomer generation

• The rise in global economic growth

Why might millennials not benefit from their inheritance until later in life?

• They prefer to earn their own wealth

• Inheritance laws have changed

• They are not interested in inheriting

• Their parents are living longer

What is one of the main challenges millennials face in getting onto the property ladder?

• Lack of education

• Limited job opportunities

• High property prices

• Increased travel costs

Who are Rory and Harry, and what is their financial situation?

• They are millennials struggling to buy their first homes

• They are property developers

• They are investors with multiple properties

• They are financial advisors

What has contributed to the increasing divide between the 'haves' and 'have nots' in recent years?

• Rising education costs

• Higher taxes

• Property price increases

• Decreased job opportunities