Rising levels of wealth held by older generations, alongside slow growth in the earnings of younger generations, means that inheritance looks set to be an increasingly important source of income for today's working-age generations. What will this mean for inequalities in living standards and wealth, and for social mobility? If people are expecting to inherit in the future, might that already affect their living standards and inequalities today?
In this event, IFS researchers shared the findings from a new report, funded by the Nuffield foundation, that makes projections of the inheritances to be received by those born in the 1960, 1970s and 1980s in the UK, and examines the implications for living standards and economic inequalities both now and in future.
You can watch the full video below, or download the slides used in the presentations here.