Gen Z expect to inherit money and assets—but their boomer parents aren’t planning on leaving anything behind

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Millennial and Gen Z heirs are eagerly anticipating a $124 trillion “Great Wealth Transfer” as they inherit their parents’ wealth—however, many are set to be disappointed as just one-fifth of baby boomers expect to leave anything behind.

Financial services company Northwestern Mutual surveyed more than 4,500 adults and found only a select few can expect a windfall of cash when their parents pass away.