Tag: inheritances
Sometimes just looking at data is pretty interesting! Like everyone, I have been thinking about the Black/white wealth gap. Yes, the gap is greatly reduced once Social Security wealth is included in the calculation. But Social Security comes late in life, which means that young Black families have much less to provide for themselves and…
The brief’s key findings are: Taking away inheritances from households that have them reduces the NRRI by less than one percentage point. Inheritances could become more prevalent in the future due to unspent 401(k) balances, but increasing future inheritances has only a minimal effect. The reasons for the modest impact are: the majority of households…
