> People in advanced economies stand to inherit around $6trn this year—about 10% of gdp, up from around 5% on average in a selection of rich countries during th

> People in advanced economies stand to inherit around $6trn this year—about 10% of gdp, up from around 5% on average in a selection of rich countries during the middle of the 20th century. As a share of output, annual inheritance flows have doubled in France since the 1960s, and nearly trebled in Germany since the 1970s. Whether a young person can afford to buy a house and live in relative comfort is determined by inherited wealth nearly as much as it is by their own success at work. I wonder how much of this inherited wealth is from rising house prices. My parents' generation (I'm 38) have earned around €500k from rising house prices during their lifetime. The price of their house has more than quadrupled since when they bought it 35 years ago. That's a lot of money in inheritance right there. Something that children of parents who rent don't get.