Millennials are wildly misjudging how much of their parents' wealth they will inherit (via CNBCMakeIt)
div > div.group > p:first-child"> According to the investment management firm Charles Stanley, millennials expected to be left an average £129,380 – but official statistics showed that the average inheritance in the U.K. is currently £48,000, while the median inheritance is £11,000.Charles Stanley polled more than one thousand U.K.
Only 28% of millennial generation believed they would be able to own a property without inheriting cash. While the average millennial expected to receive their inheritance at the age of 50, one-in-seven expected to inherit money before the age of 35. But according to data from the U.K.'s Office for National Statistics, peak inheritance age is currently between 55 and 64, while researchers found the average inheritance age for today's millennials was likely to be 61.
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