Stat: Great wealth transfer looms for young Americans

US – A new survey from insurance agency Choice Mutual reveals that two-thirds of Americans aged 18–43 expect to receive, or have already received, an inheritance, with an average windfall of £247,000 ($335,000, €287, 262). 

‘The Great Wealth Transfer is surely on its way,’ said Choice Mutual CEO Anthony Martin. The findings also suggest that younger generations are not only anticipating inheritance – they are planning around it. Among respondents, 73% said they would save the money, while 57% are looking to invest. Many expect to use the funds for housing, debt repayment or their children’s futures. 

Most anticipate inheriting cash and real estate, with some citing investments and business assets. Notably, 61% have already spoken with their parents or seen legal documents about an expected inheritance. 

Yet the optimism is tempered by strain; 53% expect to shoulder financial responsibilities for ageing parents, while 60% already feel anxious about the burden. For some, the expectation of inheritance shapes present behaviour, from taking on more debt to feeling less urgency to save.  

For more insights on the redistribution of wealth and cross-generational mindsets on spending, read our The Great Wealth Transfer macrotrend report.