The survey found that more younger people are expecting an inheritance, as housing affordability means many struggle to get onto the property market. Source: AAP / Dan Himbrechts

However, the sum is nearly double the amount that older generations expect to receive, with the 65 to 74 age bracket anticipating around $167,624.

With trillions of dollars expected to be transferred via intergenerational wealth over the coming years, the data on who will receive that inheritance shows that younger Australians’ expectations may not match up to the reality.

Where will ‘the great wealth transfer’ go?

Baby boomers hold $4.9 trillion in assets according to CoreData analysis. Source: SBS News

“In the past, inheritance was a way of redistributing wealth, but increasingly wealth is being concentrated in smaller and smaller groups, so effectively this is going to flow to a very small minority of people,” he said.

Adjusting inheritance expectations

“It might help you in your retirement, but I don’t think it’s going to radically change whether or not you can buy a house or help you through most of your life.”