Inheritances and inequality over the life cycle: what will they mean for younger generations?


This report from UK think tank the IFS makes projections of the inheritances to be received by the 1960s, 1970s and 1980s-born generations in the UK.

Inheritances have been growing as a share of national income in the UK since the 1970s. This trend looks set to continue as generations at older ages hold more wealth than their immediate predecessors but younger generations have no higher incomes than the generations born just before them. What will this mean for inequalities in living standards and wealth? Does the growth in inheritances mean people’s living standards will increasingly be determined by who their parents are? If people anticipate that they are going to inherit in future, could that influence their decisions about how much to spend and save today? New IFS research, released today and funded by the Nuffield foundation, makes projections of the inheritances to be received by the 1960s, 1970s and 1980s-born generations in the UK.

Read Full Report

Explore our reports

  • Reset
Advanced search

Related Events

Mon

6

June

A remote chance?

This event, hosted by UK think tank Onward, considers the future of work and the economic impact hybrid and remote…

More Info

Wed

25

May

Platform Socialism: James Muldoon in conversation with Demos

At this event, hosted by UK think tank Demos, James Muldoon will discuss his new book, 'Platform Socialism'.   As…

More Info

Tue

31

May

How liberty made the modern world

At this event, hosted by UK think tank the Adam Smith Institute, Deirdre Nansen McCloskey will discuss how liberty made…

More Info