Tag: racial wealth gap
We have been looking at the importance of wills in the transfer of wealth from one generation to another. Our most recent study, using data from the Health and Retirement Study (HRS), looks at the extent to which receiving an inheritance increases the likelihood of planning to leave a bequest and having a will, and…
Inheritances make up a substantial share of national wealth, but are often overlooked in discussions of retirement security. Racial gaps in inheritances are likely to exacerbate racial disparities in wealth. One reason that Black and Hispanic decedents are less likely to pass down meaningful estates is that they are far less likely to…
