Analysis of inheritance transfers within families

Inheritance transfers within families are equivalent to 5% of consumer spending in any one year, but surprisingly little is known about these intergenerational transfers of wealth. Using secondary analysis of the British Household Panel Study, this report asks: how much do people receive from inheritance in any given year? Who does it go to? What impact, if any, does it have on the recipients – financially, socially and psychologically? And how much does this depend on the amount received?