Baby Boomers will pass on an estimated $224 billion each year in inheritances by 2050 as record housing and super wealth, and fewer heirs, create a $3.5 trillion bonanza for younger generations, including the poorest Australians.
In the first-ever official study of wealth transfers in Australia, the Productivity Commission has projected a fourfold increase in the value of inheritances over the next 30 years.
Loading...
Aleks Vickovich leads the Financial Review's coverage of wealth management, specialising in the business and regulation of investment markets, financial advice and superannuation. Email Aleks at aleks.vickovich@afr.com
