Monday, June 19, 2006

Don't count on inheritance, warns AARP

The AP reports:
AARP, the Washington, D.C.-based seniors advocacy group, found that as of 2004, just 20 percent of Americans reported receiving any inheritance. The percentage was higher for those born before 1946, at nearly 30 percent; for boomers, those born between 1946 and 1964, the percentage was 19.2 percent.

The median amount inherited was $64,000.
Something to think about.