Under 34s to inherit half as much as their parents

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Under 34s stand to inherit only half as much as their parents, according to a report by HSBC which points to a growing demand for advice on how to stop wealth being eroded before it can be passed on.

A survey of 2000 adults in HSBC's Age of Inheritance found £1.1trn may be left to beneficiaries by 2047, compared to £194bn by 2015. However by 2062 this will have fallen to £552bn, as inheritances...

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