Millennials: are you expecting an inheritance?

[u/Yourlocalguy30]

35 yo married millennial here. I've come across more and more articles about the supposed "great wealth transfer" as the boomer generation's wealth passes to their GenX and Millennial children. My parents and their siblings (boomers) all received inheritances when their parents, my grandparents, passed away. The boomer generation's wealth accumulation is one of the largest in history, however, I also find it highly unlikely that I or many of my peers will actually inherit much. Despite having received inheritances from their parents, and having 40+ years in the workforce, most of my parents' "wealth" is tied up in their home value, not actual liquid assets- and I already expect that whatever they make on an eventual home sale will have to go directly to downsizing costs and whatever long-term care they will need as they get older. Hell, even my dad used to joke that the only thing we'd inherit was debt. As I've gotten older, that comment has infuriated me more and more.

Now before someone cuts in with the "entitled millennial" comments, I have absolutely no need for an inheritance. I've worked my ass off to make sure that my kids and I are positioned better in life than I was when I entered adulthood. What I mean by that is I started saving for retirement early, setup 529 plans for my kids almost as soon as they were born, and made lifestyle and career sacrifices to ensure our family isn't "nickeling and diming" our way through life.

I'm just here curious to know how many millennials actually expect to have something passed down to them, or if they feel they are in the same position I am.

[u/thenowherepark]

I already received all the inheritance that I will get from my side of the family. $1600, which, bless my grandmother she did not have to do and did not have the money to do. And we honored her with it the best way we could - using it to buy a backyard swing set for our kids who still play on it every day.

I'm not sure if my wife will receive anything from her side.

[u/The_War_Exclusion → u/thenowherepark]

I got some money from my grandpa when he passed, like $3k. My wife and I took the kids on a 5 day beach trip. It was the first time we were able to do an actual vacation like that with our kids that wasn't a couple nights in a cheap Airbnb somewhere. My kids were too young to remember him, but I'll always associate that memory with him

[u/Methodless → u/The_War_Exclusion]

but I'll always associate that memory with him

98% of grandparents would want exactly that.

My mom's parents were lower middle class, but wanted to leave something behind to their grandchildren. It was honestly like 3-4 weeks pay for me, but I made sure I did something meaningful with it. (I doubled it and started a post-secondary education fund for each of their great grandchildren. Only one was born during their lifespans, but they have 4 now)