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June 14, 2006 at 12:08 PM
Predictions of inheritance windfalls for baby boomers are overstated significantly, a new AARP study suggests.
As of 2004, 81% of boomers–those born between 1946 and 1964–had yet to receive an inheritance, AARP’s analysis of Federal Reserve data shows.
The findings come amid continuing projections by some experts of huge dollar transfers to boomers and the other cohorts through inheritances. Some estimates have been as high as $41 trillion, while a projection of $7 trillion for boomers alone has not been unusual, AARP points out.
According to the AARP’s own estimates, however, the value of inheritances held by boomers thus far has totaled only $2.l trillion.
