According to the Federal Reserve’s Survey of Consumer Finances, last taken in 2019, about one-fourth of U.S. families have received an inheritance, trust, or gift. The average inheritance received was $46,200, and the average inheritance expected in the future is $72,200. Wealthier households tend to inherit far greater amounts than those in lower wealth groups, and some members of younger generations may have unrealistic inheritance expectations.
$337,100 – Average household financial assets held in IRAs owned for 20 years or longer (as of mid-2020). Holdings in IRAs owned for less than 10 years averaged $87,900.
Source: Investment Company Institute, January 2021
Source: Federal Reserve, 2020
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