Young people awaiting inheritances to make big life decisions - Killik

'Disturbing disconnect'

Hannah Godfrey
clock • 1 min read

Younger people are holding back from major life decisions, such as buying a home, starting a family or dealing with debt, until they inherit wealth from their parents or grandparents, a survey by Killik & Co has suggested.

The survey, which polled 1,000 individuals, found three-fifths (59%) of under-35s felt unable to buy their first home before receiving an inheritance, while almost a quarter (22%) said they were postponing starting a family. The investment house said the survey results showed a "disturbing disconnect" between the expectations of younger and older generations when it comes to wealth transfer. It found fewer than one-in-10 (7.6%) of over-65s planned on passing on the majority of any inheritance during their lifetime, while twice as many (17%) under-35s expected to receive an inheritance...

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