Income economic inequality in the United States - What can be done to close the gap? ($10k, spend)

[rruff]

Originally Posted by Quietude

Any source for the numbers behind that? Number of inheritances? Spread of inheritance amount?

This is where I got it, first thing that popped up on Google images: https://www.financialsamurai.com/ave...-with-parents/

I'd guess it's the average of all inheritance transfers received. Looks about right for the US anyway.

[rruff]

[Quietude]

Originally Posted by rruff

I'd guess it's the average of all inheritance transfers received. Looks about right for the US anyway.

I don't argue the figure, just trying to figure what the other averages might be. A few $100B estates could really skew the simple average.

[rruff]

Originally Posted by Quietude

I don't argue the figure, just trying to figure what the other averages might be. A few $100B estates could really skew the simple average.

This may shed more light on the subject.

Among "old" people around 15% of the population has a net worth of >$1M. 2010 data so surely it's gone up with the run up in stocks lately.

[Quietude]

But that's only loosely correlated to estate values. Is there no reasonable tally of total estates and their values that might give some body to the generalized average?

[rruff]

Originally Posted by Quietude

But that's only loosely correlated to estate values. Is there no reasonable tally of total estates and their values that might give some body to the generalized average?

Loosely? What would the value of someone's estate at death be, if not their net worth?

[Quietude]

Originally Posted by rruff

Loosely? What would the value of someone's estate at death be, if not their net worth?

It's a chart of approximate NW of about 30% of the population, uncoordinated to ages of death and estate transfer. It's a datum but not an answer.

What are the median, mean and mode averages of estate valuation in any given year? That $176k figure is almost useless without knowing its basis.

[rruff]

I'm not sure what it is you want to know, but I suggest you look for it and report back.

[Quietude]

No, I just don't think much of posting random graphs found on the interwebz as answers unless they specifically address the question. None of your graphs quite address my question or the ones raised by Submariner. But here, this one is pretty:

[rruff]

Submariner didn't ask a question. He's just making bogus claims.

How would I know the answer to your question? I just do a search on google images and see what comes up. Median, average, and 70-90%ile net worth by age is good enough for me. The value of the estate will be whatever the net worth is when the person dies. In a household this is usually the 2nd spouse, so someone in their 70s or 80s.