Reported about 20 hours ago
A significant portion of Americans, nearly 10%, feel less inclined to save because they expect to inherit money due to the upcoming 'Great Wealth Transfer' of $100 trillion from baby boomers. However, experts warn that relying on an inheritance could be risky, as prolonged lifespans lead to higher healthcare costs and potential depletion of wealth. Many do not have a will, which further complicates estate distribution. It’s advisable to view inheritance as a potential bonus rather than a certainty, and to prioritize personal savings and financial planning.
Source: YAHOO