Retired more likely to bequeath than use wealth - IFS research
Patterns may change in future
Older people do not draw on their wealth much during retirement, according to new research, indicating most of their assets - whether held in property or in financial securities - will be bequeathed to later generations.
According to The use of wealth in retirement - a set of reports published today and funded by the IFS Retirement Savings Consortium and the Economic and Social Research Council - older people in England,...
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