Australian Inheritance Experiences for Guardian Wealth Inequality Report

A massive transfer of wealth is about to occur between generations in Australia, with an estimated $5.4tn passing from older to younger generations over the next 20 years. This transfer is predicted to deepen wealth inequality, concentrating wealth among the wealthy and exacerbating poverty for others. Former Treasury secretary Ken Henry describes it as an "intergenerational tragedy" linked to tax system failures. The journalist is seeking Australians' personal experiences regarding inheritance, whether they expect to give or receive inheritance, or expect to get nothing, and how this impacts their lives and financial decisions. Tell us: are you expecting to give or receive an inheritance? Or give or get nothing? Are you expected to inherit money and do you look upon it as a way to get ahead? Perhaps you do not expect inheritance to be part of your life at all? Are you the one doing the giving to help your children? Share your experience.