Why the inheritance boom is for real

May 1990
U.S. News & World Report;5/7/90, Vol. 108 Issue 18, p33
Presents some arguments concerning inheritances and the extent to which the middle class will share the wealth. The older Americans have more to spend, are spending it, but still saving; Annuity-type and `lump-sum' pensions; `Safety net' of Social Security and annuity-type pensions; Parents `gifting' while they are still alive; Baby-boomers inheriting later in life are more likely to keep the money for themselves, not to spend it on the children.


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