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But what if that safety net never comes?
However, their plans may not align with expectations.
Many are prioritizing retirement spending, gifting wealth early or focusing on charitable giving rather than leaving traditional inheritances.
Longer life expectancy also plays a role.
Luxury vacations, second homes, and bucket-list experiences are becoming priorities.
For millennials and Gen Z, this shift can be surprising.
Many grew up hearing stories of inheritances that helped previous generations buy homes or start businesses.
But the financial landscape has changed, and boomers are adjusting their priorities to fit modern realities.
Healthcare, housing and everyday expenses are taking a larger bite out of savings.
At the same time, long-term care is a growing concern.
This shift isnt just about generosity its also a strategic financial move.
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