Michelle Weaver, Morgan Stanley's U.S. thematic and equity strategist, discusses the increasing impact of inheritance on American financial lives, identifying it as a key element of longevity. She highlights that baby boomers are expected to transfer trillions of dollars to younger generations, making inheritance a significant factor in financial planning. Based on an AlphaWise survey, 17% of U.S. consumers have received an inheritance, and 14% expect one, with higher-income households showing greater expectations. The survey also indicates that about half of recipients receive less than $100,000, while 10% receive $500,000 or more. The majority of recipients plan to use their inheritance for savings, retirement, or investments, with others allocating it to housing or debt repayment. Inheritance significantly contributes to financial security, improved savings, and increased spending, influencing consumer behavior and market trends.
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