Janet Yellen: 50% Inheritances to Top 5%

Posted by admin on Tuesday, October 21, 2014

Janet Yellen Inheritance Income graphJanet Yellen Money Quotation saying wealth willed to top 5% represents half of all inherited money, staying within already rich families. Janet Yellen said:

Just over half of the total value of inheritances went to the top 5 percent and 40 percent went to households in the next 45%
— Janet Yellen

While we’re on that topic – here’s an exercise to ask how you might behave if you received a sudden and unexpected large inheritance. Tell us in the comments what you would do – even in rich detail if you like. We may post it for our readers.

The unexpected family inheritance will let me (Blank)

The unexpected family inheritance will let me (Blank)

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Money Quotes Daily

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