Millennials 'wrongly relying on inherited money'
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One in seven young adults expect to inherit money before they are 35, although in reality the typical inheritance age is between 55 and 64. "People are living longer than ever, so relying on an inheritance to get on the housing ladder is a risky strategy as you may get less, and much later than planned," said John Porteous, from Charles Stanley.
The average expectation of when that inheritance would be received was the age of 50, yet figures from the Office for National Statistics show that they would have to wait for at least another five years.
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