Janet Yellen: 50% Inheritances to Top 5%
on Tuesday, October 21, 2014
Janet 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)