Get set for the great inherited “wealth tsunami”

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An entire generation of Aussies are set to inherit an average $320,000 each over the next 15 years as their baby boomer parents die, according to a new report published at News.com.au:

Baby Boomers are expected to pass on a whopping $3.5 trillion to their kids in the next 15 years…

There are an estimated 7.5 million children from the Baby Boomer generation and if 70 per cent of that wealth is transferred, the average Australian could have a massive $320,000 passed on to them.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.