A gradual transfer of wealth is occurring among Americans: Baby boomers are starting to receive an estimated $8.4 trillion in inheritances from older generations, according to a paper published by the Center for Retirement Research at Boston College.
Roughly two-thirds of boomer households will receive an inheritance, and the average value of those inheritances is just under $300,000.
My head is filled with so many different thoughts as I sit down to write this week’s column. I am thinking of the heartfelt and humble Christmas Angel requests we have from children who have lived with the fear and stress of family violence. I am considering the fact that for many of those children, the holidays will not bring sweet and comforting family traditions, but instead a guaranteed mounting tension in the home, a growing anger, an increase in curses, threats and beatings.