Inheritance from grandparents is an important source of wealth for many people in the United States. A recent survey of consumer finances conducted by the Federal Reserve Board of Governors revealed that the average inheritance from grandparents is roughly $46,200. This amount is significantly higher than the average inheritance from parents, which is only $17,200.
It is important to note that the average inheritance from grandparents varies greatly depending on the wealth of the grandparents. The survey found that the average inheritance for the wealthiest 1% of grandparents was $719,000, while the average inheritance for the next 9% was only $174,200. This shows that the amount of inheritance received from grandparents can vary greatly depending on the wealth of the grandparents.
In addition to the amount of inheritance received from grandparents, the type of inheritance can also vary. Some grandparents may choose to leave their grandchildren a lump sum of money, while others may choose to leave them a house or other real estate. Other grandparents may choose to leave their grandchildren a trust fund or other investments. The type of inheritance received from grandparents can have a significant impact on the amount of wealth that a person inherits.
It is important to note that inheritance from grandparents is not the only source of wealth for many people in the United States. Other sources of wealth include income from employment, investments, and other assets. However, inheritance from grandparents can be an important source of wealth for many people and can help them to build a secure financial future.
In conclusion, the average inheritance from grandparents in the United States is roughly $46,200. However, this amount can vary greatly depending on the wealth of the grandparents. In addition, the type of inheritance received from grandparents can also vary and can have a significant impact on the amount of wealth that a person inherits. Therefore, it is important to consider all sources of wealth when planning for the future.
