Inheriting Wealth in America: Future Boom or Bust?Inheritances are often regarded as a societal evil, enabling great fortunes to be passed from one generation to another, thus exacerbating wealth inequality and reducing wealth mobility. Discussions of inheritances in America bring to mind the Vanderbilts, Rockefellers, and trust fund babies people who receive enough money through inheritances or gifts that they do not have any need to work during their lifetime. Though these are, of course, extreme
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Inheriting Wealth in America: Future Boom or Bust?