Intergenerational Wealth Transfer

Intergenerational Wealth Transfer refers to the passing of assets, money, or property from one generation to the next, typically from parents to their children. This process can occur during a person’s lifetime through gifts or after death through inheritance. Such transfers can significantly impact individuals’ financial stability and opportunities, influencing their ability to invest in education, homes, or businesses. This phenomenon is often central to discussions about economic inequality, as families with substantial wealth can provide their descendants with advantages not available to those from less affluent backgrounds.