Thursday, 31 Oct 2024
  • Home
  • News
  • News
  • Booming House Prices Driving Massive Increase In Size Of Inheritances To 120bn A Year

Booming house prices driving massive increase in size of inheritances to $120bn a year

Booming house prices driving massive increase in size of inheritances to $120bn a year

Booming house prices driving massive increase in size of inheritances to $120bn a year
1.9 k views

Housing wealth represents about half the wealth of people aged 30 to 59, but 54% for those aged 60 to 99 in 2018, set to increase to 66% by 2048.

Inheritance of real estate is tipped to reach about $100bn in 2019 dollars in the year 2035, assuming house prices rise in line with inflation.

The report found that asset price growth itself, particularly for housing, has a much greater impact on wealth inequality than inheritances.

Australia has experienced a boom in house prices, with double-digit annual growth in many cities in the past two years, only expected to contract in 2023 with rising interest rates.

Read More
previous post WhatsApp criticised for plan to let messages disappear after 24 hours
next post Women do 21 hours more unpaid work than men a week, national survey finds

you may also like

A mom with a license plate that reads 'PB4WEGO' wins a battle with the state to keep it
  • by cnn
  • 15 Aug 2024
A mom with a license plate that reads 'PB4WEGO' wins a battle with the state to keep it
US air force avoids PFAS water cleanup, citing supreme court’s Chevron ruling
  • by theguardian
  • 13 Aug 2024
US air force avoids PFAS water cleanup, citing supreme court’s Chevron ruling
Successful environmental projects benefit nature and people, study finds
  • by theguardian
  • 13 Aug 2024
Successful environmental projects benefit nature and people, study finds
A mom with a license plate that reads 'PB4WEGO' wins a battle with the state to keep it
  • by cnn
  • 15 Aug 2024
A mom with a license plate that reads 'PB4WEGO' wins a battle with the state to keep it
US air force avoids PFAS water cleanup, citing supreme court’s Chevron ruling
  • by theguardian
  • 13 Aug 2024
US air force avoids PFAS water cleanup, citing supreme court’s Chevron ruling
Successful environmental projects benefit nature and people, study finds
  • by theguardian
  • 13 Aug 2024
Successful environmental projects benefit nature and people, study finds
Delta Air Lines Flight from Las Vegas to New York Makes Emergency Landing Today Due to Cockpit Fumes
travel
  • by travelandtourworld
  • descember 09, 2016
Delta Air Lines Flight from Las Vegas to New York Makes Emergency Landing Today Due to Cockpit Fumes

A Delta Air Lines flight bound for New York City from Las Vegas made an emergency landing shortly after takeoff on October 29, 2024, due to fumes in the cockpit. Flight DL2133, originating from Harry Reid International Airport (LAS) in Las Vegas and destined for LaGuardia Airport (LGA) in New York, reported an issue within minutes of departure, leading the crew to declare an emergency and return to the Las Vegas airport for a safe landing.

read more