Posted: Friday, 4 January 2019 @ 13:43
We live in more difficult times and the middle ages seem to be feeling it more as shown in a recent Telegraph piece that middle-aged people have been warned they can no longer rely on an inheritance as they will be almost retired before they receive any money.
According to the Telegraph the age at which British adults received an inheritance was rapidly approaching 60, analysis of official data for The Telegraph found.
Some people believe that this is the "end of the traditional inheritance" for people in middle age. I would not got so far as it is an inherent part of human nature to want to provide for your offspring even after one's death. The number of times I have come across people who put themselves in tough personal positions to maximise inheritance for children.
The increase in pensioners living into their nineties, incurring large care bills and other expenses, meant fewer had anything to bequeath to their offspring on death, they said.
In 1999, the average Briton who inherited money was aged just under 53, providing a windfall to clear a mortgage and help children on to the property ladder.
Within the next decade the typical "inheritance age" will have risen to 58, the data showed.
The was said to be due to older people enjoying longer retirements and a fall in the age at which women gave birth between the two world wars.