As more Americans live longer without the safety net of a traditional pension, the data suggest they're spending frugally to make sure their wealth lasts.
(Bloomberg) –The rich aren't just getting richer. They're getting older. And, fortunately for their children, they're set to leave plenty of money in the bank.
About $36 trillion will flow from one generation to another over the next 30 years, according to a report from wealth manager United Income. The pace of bequests has already started surging. Americans inherited $427 billion in 2016, the most recent data available, up 119 percent from 1989 even after adjusting for inflation.
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