Australians pass on $120bn a year in inheritances and gifts, report finds
by Paul Karp from World news | The Guardian on (#5SQRK)
Productivity Commission projects fourfold rise in total value of inheritances to 2050, driven by housing and unspent super
Booming housing wealth, unspent superannuation and lower fertility are increasing the size of Australians' inheritances, according to the Productivity Commission.
Despite helping the rich get richer, inheritances are nevertheless shrinking relative inequality by giving a bigger boost to poorer households' wealth, the government thinktank found in a report released on Tuesday.
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