Thursday 3 February 2022

Family fortunes

How intergenerational giving is changing us

Inheritances have always been used to give relatives a financial boost. But they look set to be a growing part of 21st Century Britain as household wealth booms, particularly for older cohorts. This brings with it change for younger people, whose lifetime living standards may increasingly be shaped by the inheritances or gifts they receive rather than income they earn. It also brings change for those giving, who face big decisions about how and when to pass wealth on.

How has the gifting of wealth between generations changed over recent years? Who is the most likely to give and receive inheritances and financial gifts? How does receiving financial support from relatives affect people’s decisions, such as whether to purchase a house or change jobs? And what changes do people planning to financially support relatives make to improve their ability to do so?

The Resolution Foundation, in partnership with the Family Building Society, is hosting an interactive webinar to debate and answer these questions. Following a presentation of the key highlights from new Resolution Foundation research on this topic, we will hear from a leading panel of experts on the scale and nature of intergenerational wealth transfers, and how these transfers affect people’s lives and behaviour.

The event will be broadcast via YouTube and the Resolution Foundation website. Viewers will be able to submit questions to the panel before and during the event via Slido.