TIL the difference in inheritances from parents with college degrees vs those without is just $17k, and the difference between inheritances from black vs white parents is just $3k

Read more: https://www.annuity.org/retirement/estate-planning/average-inheritance/

What do you think?

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  1. I don’t think the information presented takes into account what happens to an elderly loved ones finances during their end-of-life period colliding with the American ‘health care’ system.

  2. $17,000 isn’t nothing, though. When I was working retail a few years ago, I sometimes made less than that in a year.

    Inheriting that much would allow a family to buy a brand new car, two used cars, or put down a down payment on a condo or small house.

    Not trying to take away from any of the other points, just saying “only $17k” sounds kind of weird to my ears because in my opinion that’s actually a lot of money.

  3. Lots of context lost with the “just”. Would need more data. Just 17k could be 17k for the degreed parents and 0 for the non degree. 17k is a lot of money for most families.

    My children will probably inherit a bit because I plan on having a well funded retirement and won’t know what age I will die at.

  4. I wonder how this will change in the next couple of decades now. Where I live (Canada) a post-secondary diploma of some sort is pretty much required to do well in life, but that wasn’t always the case. I feel like this difference will increase now that the workforce is less accepting of individuals w/o a degree

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