Wednesday, June 28, 2006
Boomer inheritances shrink as parents live longer, health care costs rise
Unless you're reading this column from the deck of your yacht while your first mate fetches up a pitcher of martinis, you probably won't get an inheritance.
That's the conclusion of an AARP study that looked at how much boomers have inherited. As of 2004, only about 19% of boomers — born 1946 to 1964 — had received any inheritance. Of those, the median amount received was $49,000, adjusted for 2005 dollars...
USA Today: Boomer inheritances shrink as parents live longer, health care costs rise
That's the conclusion of an AARP study that looked at how much boomers have inherited. As of 2004, only about 19% of boomers — born 1946 to 1964 — had received any inheritance. Of those, the median amount received was $49,000, adjusted for 2005 dollars...
USA Today: Boomer inheritances shrink as parents live longer, health care costs rise