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31 Jul 2026
26m

Dad, where’s my inheritance?

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Today, Explained

Baby boomers currently control approximately 90 trillion dollars in assets, creating significant tension with younger generations who face prohibitive costs for housing and education. While many parents prefer to maintain control over their wealth or prioritize their children's self-reliance, younger adults increasingly argue for earlier access to inheritance to address immediate financial struggles. Bill Perkins, author of *Die With Zero*, advocates for distributing wealth while parents are alive, asserting that capital provides the greatest utility when used to fund life experiences during a person's prime years between 28 and 33. This shift in perspective challenges traditional notions of bequest, suggesting that financial support should be viewed as a tool for empowerment rather than a final transfer of assets. Ultimately, the debate highlights a fundamental disconnect between generational economic experiences and the evolving purpose of family wealth.

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