Property inheritance by some millennials expected to increase wealth gap

The children of baby boomers will see increased wealth later in life by inheriting expensive homes owned by their parents. Expected to peak in 2035, the trend is said to promise a higher standard of living for some millennials and an increase in inheritance tax collections. However, not all will benefit equally. Those younger generation individuals who own property themselves are significantly more likely to inherit property. Statistically, those who aren’t property owners aren’t as likely to have parents who own a home. The result will be a widening gap in wealth that is causing concern among experts.